MULTIPLE PROPOSALS CHIN HIN GROUP PROPERTY BERHAD ("CHGP" OR THE "COMPANY") (I) PROPOSED ACQUISITION OF 65% EQUITY INTEREST IN KAYANGAN KEMAS SDN BHD FOR A PURCHASE CONSIDERATION OF RM37.95 MILLION, SUBJECT TO ADJUSTMENT, TO BE SATISFIED IN CASH AND THE ISSUANCE OF NEW ORDINARY SHARES IN CHGP ("PROPOSED ACQUISITION"); AND (II) PROPOSED DIVERSIFICATION INTO CONSTRUCTION BUSINESS ("PROPOSED DIVERSIFICATION") (COLLECTIVELY, REFERRED AS THE "PROPOSALS")
| CHIN HIN GROUP PROPERTY BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | CHIN HIN GROUP PROPERTY BERHAD ("CHGP" OR THE "COMPANY")
(I) PROPOSED ACQUISITION OF 65% EQUITY INTEREST IN KAYANGAN KEMAS SDN BHD FOR A PURCHASE CONSIDERATION OF RM37.95 MILLION, SUBJECT TO ADJUSTMENT, TO BE SATISFIED IN CASH AND THE ISSUANCE OF NEW ORDINARY SHARES IN CHGP ("PROPOSED ACQUISITION"); AND
(II) PROPOSED DIVERSIFICATION INTO CONSTRUCTION BUSINESS ("PROPOSED DIVERSIFICATION")
(COLLECTIVELY, REFERRED AS THE "PROPOSALS") |
|
On behalf of the Board of Directors of CHGP, M&A Securities Sdn Bhd wishes to announce that CHGP, had on 5 July 2021 entered into a conditional share sale agreement with Chan Kin Keong and Khor Chee Yong for the Proposed Acquisition.
Kindly refer to the attachment for further details on the Proposals.
This announcement is dated 5 July 2021. |
|
Please refer attachment below.
Announcement Info
| Company Name | CHIN HIN GROUP PROPERTY BERHAD |
| Stock Name | CHGP |
| Date Announced | 05 Jul 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05072021-00109 |