Chin Hin Group Property to acquire 45% stake in Aima Construction for RM31.5 million
The proposed acquisition will cement the Company s goal to transform into a major property and construction player in Malaysia.
KUALA LUMPUR, Mar 10, 2021 - (ACN Newswire) - Chin Hin Group Property Berhad (CHGP; 7187), a Bursa Main Market listed company primarily involved in assembly and sales of new and rebuilt commercial vehicles as well as property development, announced today its proposed acquisition of 45% equity in Aima Construction Sdn Bhd ( Aima ), signifying its interest to venture into the construction industry.
Aima Construction Sdn Bhd Chairman Mr Khor Ooi Min, Aima Construction Sdn Bhd Managing Director Mr Khor Ken Yeon; Chin Hin Group Property Berhad Executive Director Mr Chiau Haw Choon, Chin Hin Group Property Berhad Chairman Datuk Seri Chiau Beng Teik at the signing ceremony held this morning (L-R).
Chin Hin Group Property to acquire 45% stake in Aima Construction for RM31 5 million
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FGV’s business transformation process expected to remain on track 18 Feb 2021 / 09:30 H.
PETALING JAYA: Felda’s proposal to privatise FGV Holdings Bhd is not likely to disrupt the latter’s business transformation plan, according to analysts.
“It is in the best interest of Felda, for FGV to reach greater heights with their business transformation plan which has been doing well so far,” said an analyst who declined to be named.
The analyst pointed out that FGV has been making inroads into the value-added downstream sector as well as related sectors, such as integrated farming.
Should Felda feel compelled to downsize FGV operations, the analyst said, there are many loss-making divisions within the group that could be axed instead.