KUALA LUMPUR (Dec 28): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Dec 29) may include Chin Hin Group Bhd, CN Asia Corp Bhd, Kotra Industries Bhd, Lii Hen Industries Bhd, New Hoong Fatt Holdings Bhd, Kerjaya Prospek Group Bhd, and Apex Equity Holdings Bhd.
Chin Hin Group Bhd plans to acquire a 51.5% stake in Chin Hin Group Property Bhd (CHGP) for RM88.86 million from its chairman Datuk Seri Chiau Beng Teik and his family. It has signed a sale and purchase agreement with Beng Teik, his son Haw Choon, who is also Chin Hin s managing director, and their vehicle Divine Inventions Sdn Bhd to acquire the 176.61 million shares in CHGP, together with 37.65 million or 30.9% of the warrants in CHGP, for RM88.86 million.