Chin Hin group managing director Chiau Haw Choon: The IPO gives us access to the capital market as after 40 years in the business, we need a platform to go to the next level,” Chiau said. “In spite of the challenging economy, we trust that our companys fundamentals would carry us through the exercise. Furthermore, the RM41mil that we are raising is very achievable.”
KUALA LUMPUR: Chin Hin Group Bhd
, which is en route to a listing on Bursa Malaysia, reported a pre-tax profit of RM38.76mil for its financial year ended Dec 31, 2015.
In a statement, the building materials specialist said that excluding the exceptional gains from the disposals made in FY14, Chin Hin’s net profit increased by 19.6% or RM6.35mil to RM30.22mil for FY15.
