Chin Hin Group Property Berhad proposes disposal of four units for RM62.0 million

Chin Hin Group Property Berhad announced the proposed disposal of its entire equity interest in Boon Koon Vehicles Industries Sdn Bhd, BKCV Sdn Bhd, Boon Koon Fleet Management Sdn Bhd, and BK Fleet Management Sdn Bhd for a total cash consideration of RM62.0 million. The company is responding to a query from Bursa Malaysia regarding the details of the sale, including conditions precedent, financial information of the target companies, and the rationale for the disposal consideration.