Chin Hin Group Property (KLSE:CHINHIN) said its 66 million ringgit of an industrial property has become unconditional after all precedent conditions were met, according to a Thursday Bursa Malaysia filing.
The deal, which was struck through subsidiary, Boon Koon Capital, involves buying a property comprising a factory and office buildings on around 4 acres of leasehold land from Signature Cabinet.
The developer intends to turn the area into an integrated industrial commercial warehouse hub.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.