Chin Hin adds CHGP as its latest subsidiary

Chin Hin said the acquisition is part of managing director Chiau Haw Choon’s (pic) aspiration of expanding the group into a diversified conglomerate, rather than just focusing on one particular business.

KUALA LUMPUR: Chin Hin Group Bhd has completed the acquisition of a 50.8% stake in Chin Hin Group Property Bhd (CHGP), making it a subsidiary of the integrated building materials manufacturer and distributor.

In a statement, Chin Hin said CHGP will be the third public listed company to be included in the Chin Hin conglomerate, together with Solarvest Holdings Bhd and Signature International Bhd.