Chin Hin Group Property acquires RM31.74 mil Segambut land, plans for high-rise project
The land, measuring approximately 1.
The land, measuring approximately 1.
The project is estimated to generate a pre-tax profit of RM210 million based on a gross cost of RM940 million and translate into a margin of 18%, the company said in a statement.
Din Tan Yong Chia, 32, is the son of Tropicana's group executive vice chairman and major shareholder Tan Sri Danny Tan Chee Sing.
Chin Hin Group Property board adviser Ngian Siew Siong: Fancy, elaborate facades may look impressive in brochures, but multi-colour or protruding elements are hard to maintain, repaint, and can increase costs over time.
The group has entered into a deal to sell Vast Furniture Manufacturing (Kunshan) Co Ltd to Kunshan Meiao New Energy Technology Co for 84 million yuan (RM49.
Learning programmes are now accessible through the Chin Hin Employee SuperApp and the group’s Learning Management System (LMS) to provide employees with a streamlined learning experience.
The property developer announced in a bourse filing on Friday that it is buying Sunrich Victory Sdn Bhd from PP Chin Hin Realty Sdn Bhd, with whom CHGP share common directors and major shareholders, namely Datuk Seri Chiau Beng Teik and his children Datuk Wira Chiau Haw Choon and Shelly Chiau Yee Wern.
The space will be used for commercial operations and under International Financial Reporting standards, with the tenancy agreement treated as the acquisition of a right-of-use assets, which Parkson booked at about 14.