KUALA LUMPUR: Chin Hin Group Bhd
(CHGB) has proposed to increase its stake in Ajiya Bhd by another 12.27 per cent through the acquisition of 38.37 million additional shares for RM54.2 million -- a move that would bring its shareholding in the latter to 66.36 per cent.
In a filing with Bursa Malaysia today, the group said it has entered into a Share Sale Agreement (SSA) with Ajiya’s major shareholder, Yeo Ann Seck for the acquisition on the basis of RM1.45 for each ordinary share held.
