In a filing with Bursa Malaysia yesterday, CHGP said the proposed acquisition of land measuring 1.38ha was in line with the group’s overall strategy to expand its property development segment.
PETALING JAYA: Chin Hin Group Property Bhd
(CHGP) said its indirect unit, Boon Koon Commercial Sdn Bhd, has entered into a sale and purchase agreement with Perumahan Kinrara Bhd (PKB) to acquire a piece of land in Bandar Kinrara, Puchong, Selangor for RM59.76mil.
Boon Koon Commercial is a wholly-owned subsidiary of BKG Development Sdn Bhd, which in turn is a 100%-owned subsidiary of CHGP.
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