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
CHIN HIN GROUP PROPERTY BERHAD
200101017677 (553434-U)
A:
T:
E:
A-1-9, Pusat Perdagangan Kuchai,
No. 2, Jalan 1/127,
Off Jalan Kuchai Lama,
58200, Kuala Lumpur,
Wilayah Persekutuan.
+603 7971 7050
info@chinhinproperty.com
CONNECT WITH US
CHIN HIN GROUP PROPERTY BERHAD
200101017677 (553434-U)
A:
T:
E:
A-1-9, Pusat Perdagangan Kuchai,
No. 2, Jalan 1/127,
Off Jalan Kuchai Lama,
58200, Kuala Lumpur,
Wilayah Persekutuan.
+603 7971 7050
info@chinhinproperty.com
CONNECT WITH US
CHIN HIN GROUP PROPERTY BERHAD
200101017677 (553434-U)
A: A-1-9, Pusat Perdagangan Kuchai,
No. 2, Jalan 1/127,
Off Jalan Kuchai Lama,
58200, Kuala Lumpur,
Wilayah Persekutuan.
T: +603 7971 7050
E: info@chinhinproperty.com
CONNECT WITH US