Chin Hin triggers MGO after raising stake in SIB

PETALING JAYA: Chin Hin Group Bhd has proposed to acquire 4.77% or 30.29 million ordinary shares in Signature International Bhd (SIB) for RM25.4mil or 84 sen per share.

In a filing with Bursa Malaysia, Chin Hin said it has entered into conditional share sale agreements with Teoh Hai Hin and Por Teong Eng for the proposed acquisition.