KUALA LUMPUR (Nov 8): Chin Hin Group Bhd’s subsidiaries are selling RM76.45 million worth of real estate assets to major shareholders to raise cash which will be used to repay bank loans and finance the building material distributor’s working capital needs.
In a statement with Bursa Malaysia today, Chin Hin said its subsidiaries are selling real estate assets to companies owned by Chin Hin major shareholders Datuk Seri Chiau Beng Teik, Chiau Haw Choon and Datin Seri Wong Mee Leng.
Wong is Beng Teik’s spouse and Haw Choon’s mother, according to Chin Hin.
Source: https://www.edgeprop.my//content/1607644/chin-hin-sells-properties-major-shareholders
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CHIN HIN GROUP PROPERTY BERHAD
Registration No. 200101017677 (553434-U)
CONTACT US
Corporate Office
Address:
1177, Jalan Dato Keramat, 14300
Nibong Tebal, Seberang Perai Selatan, Penang.
TEL: +604-5931504
FAX: +604-5981696
EMAIL: bkgb@boonkoon.com
property Sales Office
Address:
A-0-9, Pusat Perdagangan Kuchai,
No. 2, Jalan 1/127, off Jalan Kuchai Lama,
58200 Kuala Lumpur, Wilayah Persekutuan.
TEL: +603 9212 0449
FAX: +603-7981 7575
EMAIL: info@chinhingroup.com
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