Chin Hin buys into Signature International

The acquisition would allow Chin Hin to venture into kitchen, home and living solutions as compared to its focus on building materials currently, according to its managing director Chiau Haw Choon.(pic)

PETALING JAYA: Chin Hin Group Bhd has added another listed company to its portfolio, following the acquisition of a 31.2% stake in Malaysia’s largest kitchen cabinet and wardrobe manufacturer, Signature International Bhd.

Chin Hin, which is a major shareholder in Chin Hin Group Property Bhd and Solarvest Holdings Bhd, emerged as Signature’s single-largest shareholder by purchasing 80 million ordinary shares from Tenyin Holding Sdn Bhd and Datuk Chooi Yoey Sun for RM93.6mil.