CHGP

0.965

-0.005 (-0.5%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CHIN HIN GROUP PROPERTY BERHAD ("CHGP" or "the Company") PROPOSED DISPOSALS OF THE ENTIRE EQUITY INTEREST IN THE FOLLOWING COMPANIES ("SALE SHARES") FOR A TOTAL CASH CONSIDERATION OF RM62.0 MILLION ("PROPOSED DISPOSALS"):- (I) BOON KOON VEHICLES INDUSTRIES SDN. BHD. ("BKVI"); (II) BKCV SDN. BHD. ("BKCV"); (III) BOON KOON FLEET MANAGEMENT SDN. BHD. ("BKFM"); AND (IV) BK FLEET MANAGEMENT SDN. BHD. ("BFMSB").

CHIN HIN GROUP PROPERTY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
CHIN HIN GROUP PROPERTY BERHAD ("CHGP" or "the Company")  
PROPOSED DISPOSALS OF THE ENTIRE EQUITY INTEREST IN THE FOLLOWING COMPANIES ("SALE SHARES") FOR A TOTAL CASH CONSIDERATION OF RM62.0 MILLION ("PROPOSED DISPOSALS"):-
(I)	BOON KOON VEHICLES INDUSTRIES SDN. BHD. ("BKVI");
(II)	BKCV SDN. BHD. ("BKCV");
(III)	BOON KOON FLEET MANAGEMENT SDN. BHD. ("BKFM"); AND
(IV)	BK FLEET MANAGEMENT SDN. BHD. ("BFMSB").

The Board of Directors of CHGP ("the Board") wishes to announce that the Company has on 30 September 2026 entered into a share sale agreement ("SSA") with HSG Sdn Bhd ("Purchaser") for the Proposed Disposals for a total cash consideration of Ringgit Malaysia Sixty Two Million (RM62,000,000.00) only ("Disposal Consideration"), subject to the terms and conditions of the SSA.

 

Kindly refer to the attachment for further details.

 

This announcement is dated 30 September 2026.


Please refer attachment below.

Attachments

CHGP_SSA.pdf
342.3 kB


Announcement Info

Company Name CHIN HIN GROUP PROPERTY BERHAD
Stock Name CHGP
Date Announced 30 Sep 2026
Category General Announcement for PLC
Reference Number GA1-23092026-00043


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