KSSC is a one-stop manufacturer and trader for a wide range of stainless steel industrial hardware including tubes, pipes, sheets, flat bar, fasteners and marine hardware such as polypropylene ropes and propellers.
Chin Hin anticipates “steady growth” in the upcoming quarters, supported by the new subsidiaries and “firm performance” across all divisions.
This comes after his father and Chin Hin founder, Datuk Seri Chiau Beng Teik, also ceased to be a substantial shareholder in NCT Alliance when he sold a 3.
Following the disposal, Chiau’s shareholding in NCT has fallen to 74.
The project's development cost is estimated at RM406.
Separately, Signature announced that its net profit for the second quarter ended June 30, 2024 (2QFY2024) halved to RM10.
Chin Hin is acquiring the stakes in CSS Engineering & Construction Sdn Bhd (CEC) and Critical System Specialist Sdn Bhd (CSS) from two individuals, with total cash of RM26.
Solarvest said the proposed acquisition is to allow the company to set up its new headquarters and own a permanent business premises for growing its business, operations and staff strength.
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