KUALA LUMPUR (Jan 14): Chin Hin Group Property Bhd (CHGP)’s non-independent and non-executive chairman Datuk Seri Chiau Beng Teik and his family have launched a mandatory general offer (MGO) for the rest of the shares they do not own in the company.

In a filing with the stock exchange, the group said Divine Inventions Sdn Bhd — which is subsidiary of PP Chin Hin Realty Sdn Bhd, a vehicle owned by Chiau, his wife Datin Seri Wong Mee Leng and their son and executive director Chiau Haw Choon — had acquired five million CHGP shares (representing a 1.69% stake in the company) in the open market at 30 sen a piece.

In addition, Beng Teik had acquired 13.36 million shares (4.51% stake) from Hextax Holdings Sdn Bhd and Ong Choo Meng at 30 sen per share.

Source: https://www.edgeprop.my//content/1633114/chiau-family-triggers-mgo-chin-hin-group-property