Chin Hin buys six parcels of land in Melaka

PETALING JAYA: Chin Hin Group Property Bhd (CHGP) has entered into sale and purchase agreements with MDS Developments Management Sdn Bhd, Aim Development Worldwide Sdn Bhd and Aim Holdings Worldwide Sdn Bhd to acquire six parcels of land in Melaka worth totalling RM41.94mil.

In a filing with Bursa Malaysia, CHGP said the proposed acquisitions are in line with the overall strategy of the group to source for new land bank and expand its property development segment.

“Given the strategic location of the lands and barring any unforeseen circumstances, the board is confident that the proposed acquisitions will contribute positively to the earnings of CHGP in the future,” it said.