Chin Hin in NCT stake buy

PETALING JAYA: Chin Hin Group Bhd’s 61.65%-owned subsidiary, Chin Hin Group Property Bhd, has acquired 75.41 million shares in NCT Alliance Bhd via a private placement.

In a filing with Bursa Malaysia yesterday, Chin Hin said the stake buy represented 5.61% of the enlarged issued and paid-up share capital of NCT.

It subscribed to the placement shares at 32 sen each for a total cash consideration of RM24.13mil.