Chin Hin Group lifts stakes in Ajiya and Chin Hin Group Property via open and off-market acquisitions

PETALING JAYA (June 6): Chin Hin Group Bhd has been steadily accumulating shares in two of its listed subsidiaries — Ajiya Bhd and Chin Hin Group Property Bhd — through a series of open and off-market transactions between late May and early June 2026, triggering simultaneous disclosure obligations in Bursa filings across both companies yesterday.

What actually happened: Two separate share accumulation exercises

Bursa filings indicate that in Ajiya Bhd, Chin Hin Group Bhd acquired a total of 217,300 shares across three tranches via open market transactions: 71,400 shares on May 29, 2026 at RM0.990 per share; 41,900 shares on June 3, 2026 at RM0.999 per share; and 104,000 shares on June 4, 2026 at RM0.989 per share. 

Following these acquisitions, Chin Hin Group Bhd's direct interest in Ajiya stands at 405,366,894 shares, or 73.934%.

In Chin Hin Group Property Bhd, Chin Hin Group Bhd acquired a larger block of 3,185,300 shares on June 3, 2026 via two transactions — 69,000 shares via open market at RM1.041 per share, and a significantly larger 3,116,300 shares via an off-market transaction at RM1.050 per share. 

Following these acquisitions, Chin Hin Group Bhd's direct interest in Chin Hin Group Property stands at 792,616,270 shares, or 57.225%.

Why the cascade of disclosures

The volume of simultaneous Bursa filings — 18 in total across both companies — reflects the layered ownership structure of the Chiau family's holdings rather than multiple independent transactions. 

Because Datuk Seri Chiau Beng Teik and Datuk Wira Chiau Haw Choon are deemed interested in Chin Hin Group Bhd through their shareholdings in PP Chin Hin Realty Sdn Bhd, which is the holding company of Divine Inventions Sdn Bhd, which in turn holds not less than 20% voting shares in Chin Hin Group Bhd — every direct acquisition by Chin Hin Group Bhd cascades into mandatory disclosures for each of those parties simultaneously under Section 138 and Section 219 of the Companies Act 2016.

In plain terms: Chin Hin Group Bhd bought the shares. Every other filing yesterday (June 5) is a derivative disclosure obligation flowing from that single buying action through the ownership chain.

The off-market transaction is the key detail

The more significant element is the 3,116,300-share off-market acquisition in Chin Hin Group Property at RM1.050 per share — a block deal that implies a total consideration of approximately RM3.27 million transacted outside the open market. 

The identity of the seller in this off-market transaction is not disclosed in the Bursa filings. 

This block, combined with the 69,000 open-market shares acquired the same day, brings Chin Hin Group Bhd's stake in its property subsidiary to 57.225%.

Ajiya AGM held the same day

Separately, Ajiya Bhd held its 30th Annual General Meeting on the morning of June 5, 2026 at Menara Chin Hin, Sri Petaling. All resolutions were passed by poll except Ordinary Resolution 4 — the re-election of Datuk Mohd Yusri Md Yusof — which was withdrawn as he had resigned as director effective June 1, 2026. 

Shareholders approved the renewal of share buy-back authority, the general mandate to issue shares under Sections 75 and 76 of the Companies Act 2016, and the renewal of the existing shareholders' mandate for recurrent related party transactions.

Chin Hin Group Bhd did not issue a separate announcement on the rationale for the share acquisitions at the time of publication.

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