Latest news with #ChinHin
The Star
15-07-2025
- Business
- The Star
Chin Hin acquires land for RM52mil
PETALING JAYA: Chin Hin Group Property Bhd has entered into a sale and purchase agreement with New York Empire Sdn Bhd and Kar Sin Bhd for the acquisition of a strategically positioned 6.49-acre parcel of freehold land located in Segambut, Kuala Lumpur for RM52mil. In a statement, the property developer said the acquisition transitions from a previous joint development agreement signed in April 2024, providing Chin Hin full ownership and development rights. 'The acquisition supports Chin Hin's ongoing strategy of expanding its property portfolio by securing strategically located land within high-potential areas of Kuala Lumpur,' the firm said. It said it plans to develop a high-rise development on the newly acquired land, subject to obtaining approvals.
Barnama
15-07-2025
- Business
- Barnama
Chin Hin Buys 2.62 Hectares Of Land In Segambut For RM52 Mln
BUSINESS KUALA LUMPUR, July 15 (Bernama) -- Chin Hin Group Property Bhd has purchased 2.63 hectares of land in Segambut, Kuala Lumpur, for RM52 million. Its wholly-owned subsidiary, Chin Hin Property (Segambut) Sdn Bhd (CHPS), has entered into a sale and purchase agreement with New York Empire Sdn Bhd and Kar Sin Bhd for the acquisition of the said land. 'Originally planned as a collaborative development between CHGP and Kar Sin, the land will now be independently developed by CHGP into a residential or mixed development project. 'The acquisition supports CHGP's ongoing strategy of expanding its property portfolio by securing strategically located land within high-potential areas of Kuala Lumpur,' said Chin Hin. The developer said that CHGP plans to develop a high-rise development on the newly acquired land, subject to obtaining the necessary regulatory approvals. Chin Hin Group chief executive officer of the property development division, Chang Tze Yoong, said the transition from the previous joint development arrangement to full ownership of this prime land allows CHGP greater flexibility and control over the project's execution and marketing. 'Given the area's strong connectivity and market dynamics, we are confident this project will substantially contribute to our earnings growth,' he said. -- BERNAMA
Focus Malaysia
12-06-2025
- Business
- Focus Malaysia
Chin Hin to procure AAC machinery from Shanghai-listed Jiangsu Teeyer for its 3rd manufacturing plant
CHIN Hin Group Bhd, Malaysia's leading integrated constriction conglomerate, has inked a memorandum of understanding (MOU) with Jiangsu Teeyer Intelligent Equipment Co Ltd, a leading global provider of autoclaved aerated concrete (AAC) production systems listed on the Shanghai Stock Exchange. The MOU entered into through the group's wholly-owned subsidiary Starken AAC Sdn Bhd signifies Chin Hin's strategic expansion into its third AAC manufacturing facility which is set to be situated adjacent to the group's existing factory in Serendah, Selangor. Scheduled for full production by May 31 next year, the new facility will significantly elevate the Chim Hin's production capabilities by adding a capacity of over one million cubic metres per year. Listed on the Shanghai Stock Exchange with a RM3.2 mil market capitalisation, Teeyer is globally acclaimed for its expertise in AAC production systems. With over 35 years in the industry and having exported nearly 150 production lines to over 20 countries, Teeyer is recognised for pioneering technological advancements such as the MES system for precise production management and being the first Chinese company to localise AAC cutting machinery. Currently, Chin Hin's two existing AAC plants have a combined production capacity of about 1.2 million cubic metres. With the addition of this third facility, the group's total AAC production capacity will rise to over 2.2 million cubic metres annually, hence further consolidating its leadership in the building materials industry. 'This strategic partnership with Teeyer is a significant milestone for Chin Hin as it substantially enhances our production capabilities and strengthens our competitive edge in the market,' commented Chin Hin Group's CEO (Building Materials Division) Ng Wai Luen. 'Moreover, Teeyer's extensive global experience and technological expertise align perfectly with our growth strategy to meet rising demand for sustainable and high-quality building materials in Malaysia and beyond.' To-date, Chin Hin has continued its commitment to innovation and sustainable growth by reinforcing its leadership position in Malaysia's integrated building materials industry. This collaboration aligns with the group's on-going efforts to invest in advanced manufacturing capabilities, driving operational efficiency and responding to the increasing market demand for environmentally friendly construction materials. At the close of today's (June 12) market trading, Chin Hin Group was up 3 sen or 1.44% to RM2.12 with 245,600 shares traded, thus valuing the company at RM7.51 bil. – June 12, 2025
The Sun
12-06-2025
- Business
- The Sun
Chin Hin to procure AAC machinery from Shanghai-listed Jiangsu Teeyer for its third manufacturing plant
KUALA LUMPUR: Leading integrated builder conglomerate Chin Hin Group Bhd's wholly-owned subsidiary, Starken AAC Sdn Bhd (SAAC), has signed a memorandum of understanding (MoU) with Jiangsu Teeyer Intelligent Equipment Co Ltd, a leading global provider of autoclaved aerated concrete (AAC) production systems listed on the Shanghai Stock Exchange. The MoU marks Chin Hin's strategic expansion into its third AAC manufacturing facility, which is set to be situated adjacent to the group's existing factory in Serendah, Selangor. Scheduled for full production by May 31, 2026, the new facility will significantly elevate the group's production capabilities by adding a capacity of over 1,000,000 cubic meters per year. Chin Hin group CEO for building materials division Ng Wai Luen said this strategic partnership with Jiangsu Teeyer is a significant milestone for Chin Hin, as it substantially enhances production capabilities and strengthens its competitive edge in the market. 'Jiangsu Teeyer's extensive global experience and technological expertise align perfectly with our growth strategy to meet rising demand for sustainable, high-quality building materials in Malaysia and beyond,' he said in a statement. Jiangsu Teeyer, listed on the Shanghai Stock Exchange, has a market capitalisation of approximately RM2.3 billion. The company is globally acclaimed for its expertise in AAC production systems. With over 35 years in the industry and having exported nearly 150 production lines to more than 20 countries, Jiangsu Teeyer is recognised for pioneering technological advancements, such as the MES system for precise production management and being the first Chinese company to localise AAC cutting machinery. Currently, Chin Hin's two existing AAC plants have a combined production capacity of approximately 1,200,000 cubic meters. With the addition of this third facility, the group's total AAC production capacity will rise to over 2,200,000 cubic meters annually, further consolidating its leadership in the building materials industry. Chin Hin continues its commitment to innovation and sustainable growth, reinforcing its leadership position in Malaysia's integrated building materials industry. This collaboration aligns with Chin Hin's ongoing efforts to invest in advanced manufacturing capabilities, driving operational efficiency, and responding to the increasing market demand for environmentally friendly construction materials.
