Chin Hin takes control of Ajiya


In a filing with Bursa Malaysia, the construction and property group said it had penned a conditional share sale agreement with Ajiya’s existing largest shareholder and managing director Datuk Chan Wah Kiang and Avia Kapital Sdn Bhd to acquire the shares, which are valued at RM1.45 a share.

PETALING JAYA: Chin Hin Group Bhd has emerged as the single largest shareholder in Ajiya Bhd following a deal to acquire 72 million or about 24.68% equity interest in the building materials manufacturer for a total consideration of RM104.4mil.

In a filing with Bursa Malaysia, the construction and property group said it had penned a conditional share sale agreement with Ajiya’s existing largest shareholder and managing director Datuk Chan Wah Kiang and Avia Kapital Sdn Bhd to acquire the shares, which are valued at RM1.45 a share.

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Chin Hin Group , Ajiya Bhd , Bursa Malaysia , purchase ,

   

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