Oriental Interest to acquire Chin Hin Jitra, CHJ Motor for RM280mil
KUALA LUMPUR: Property developer Oriental Interest Bhd has proposed to acquire the entire equity interest in Chin Hin Jitra Sdn Bhd and CHJ Motor Holdings Sdn…
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Summary
KUALA LUMPUR: Property developer Oriental Interest Bhd has proposed to acquire the entire equity interest in Chin Hin Jitra Sdn Bhd and CHJ Motor Holdings Sdn Bhd for RM280 million. Separately, OIB said the proposed acquisition constitutes a related party transaction and is subject to the approval of non-interested shareholders at an extraordinary general meeting.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
KUALA LUMPUR: Property developer Oriental Interest Bhd has proposed to acquire the entire equity interest in Chin Hin Jitra Sdn Bhd and CHJ Motor Holdings Sdn Bhd for RM280 million
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Separately, OIB said the proposed acquisition constitutes a related party transaction and is subject to the approval of non-interested shareholders at an extraordinary general meeting.
according to Bernama
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