KUALA LUMPUR: Chin Hin Group Property Bhd
(CHGP) has entered into sale and purchase agreements with MDS Developments Management Sdn Bhd, Aim Development Worldwide Sdn Bhd and Aim Holdings Worldwide Sdn Bhd to acquire six parcels of land in Melaka totalling RM41.94mil.
In a filing with Bursa Malaysia, CHGP said the proposed acquisitions are in line with the overall strategy of the group to source for new landbank and expand its property development segment.
“Given the strategic location of the lands and barring any unforeseen circumstances, the board is confident that the proposed acquisitions will contribute positively to the earnings of CHGP in the future.
“As such, the proposed acquisitions augur well for CHGP group as they are in line with the group’s strategy to strengthen its property development segment and at the same time, diversify its presence to Melaka.
