KUALA LUMPUR (June 7): Chin Hin Group Bhd will sell 17 units of three-storey shopoffices to Chin Hin Building Materials Supply (JB) Sdn Bhd (CHBMS) for RM21.2 million in a related party transaction.
The properties, located in Rawang and Alor Setar, are not being used for any business operations, Chin Hin said in a filing with Bursa Malaysia.
CHBMS is wholly-owned by PP Chin Hin Realty Sdn Bhd, which is owned by Datuk Seri Chiau Beng Teik (55%), Datuk Seri Wong Mee Leng (15%) and Chiau Haw Choon (30%).
Source: https://www.edgeprop.my//content/1240405/chin-hin-property-develop-rm450m-gdv-project-sri-petaling