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MULTIPLE PROPOSALS CHIN HIN GROUP PROPERTY BERHAD ("CHGP" OR THE "COMPANY") (I) ACQUISITION OF QUAVER; (II) ACQUISITION OF KAYANGAN; (III) RELATED PARTY PROJECT; AND (IV) PRIVATE PLACEMENT (COLLECTIVELY, THE "PROPOSALS")

Amended Announcements
Please refer to the earlier announcement reference number: GA1-23032023-00053

CHIN HIN GROUP PROPERTY BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
CHIN HIN GROUP PROPERTY BERHAD ("CHGP" OR THE "COMPANY")

(I)	ACQUISITION OF QUAVER; 

(II)	ACQUISITION OF KAYANGAN;
	
(III)	RELATED PARTY PROJECT; AND

(IV)	PRIVATE PLACEMENT

(COLLECTIVELY, THE "PROPOSALS")

We refer to our announcement made on 25 August 2022 in relation to the Proposals ("Announcement").

 

On behalf of the Board, M & A Securities Sdn Bhd wishes to announce that the Company has resolved to fix the issue price of the Placement Shares to be issued pursuant to the Private Placement at RM0.90 each.

 

The aforementioned issue price of RM0.90 per Placement Share represents a discount of approximately 8.4% or RM0.0827 to the 5D-VWAMP of CHGP Shares from 17 March 2023 to 23 March 2023 of approximately RM0.9827.

 

 

This announcement is dated 23 March 2023.






Announcement Info

Company Name CHIN HIN GROUP PROPERTY BERHAD
Stock Name CHGP
Date Announced 23 Mar 2023
Category General Announcement for PLC
Reference Number GA1-23032023-00068




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