Chin Hin Group buys 31.2% stake in Signature for RM93.6m

KUALA LUMPUR: Integrated builders conglomerate Chin Hin Group Bhd has bought a 31.2% stake in Signature International Group Bhd, which is involved in kitchen and home furniture, for RM93.60mil due to the potential for future growth.

In a statement to Bursa Malaysia on Monday, Chin Hin said it had entered into a conditional share sale agreement with Tenyin Holding Sdn Bhd and Datuk Chooi Yoey Sun to acquire the stake, comprising 80 million shares. Chooi is the group executive director and major shareholder of Signature.