KUALA LUMPUR: Chin Hin Group Bhd
has disposed of 44.12 million ordinary shares in its subsidiary, Signature International Bhd (SIB), at an average price of RM1.36 per share for a total consideration of about RM59.99 million.
In a filing with Bursa Malaysia today, it said the disposals, representing 6.83 per cent of SIB’s total issued and paid-up share capital, were carried out via off market transactions between July 25, 2025 and Dec 9, 2025.
Before the disposal, Chin Hin held 455.23 million shares in SIB or a 70.52 per cent stake, Following the disposal, the number of shares held in SIB decreased to 411.11 million or 63.69 per cent.
SIB is a company listed on the Main Market of Bursa Malaysia Securities Bhd, principally involved in investment holding.
Based on the latest consolidated audited financial statement of SIB as at Dec 31, 2024, the company recorded a profit after taxation of RM122.54 million and net assets of RM527.42 million.
"The disposal is part of the group’s capital management strategy to realise value and reallocate funds for strategic priorities. The proceeds received from the disposal will be used by the group for working capital,” it said.
The original cost of investment for SIB’s shares disposed was around RM25.81 million. The shares were acquired from the period between March 8, 2021 and May 7, 2024. The disposal represented a gain on disposal of about RM34.18 million. - Bernama
