TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CHIN HIN GROUP BERHAD ("CHIN HIN") PROPOSED SUBSCRIPTION OF THIRTY PER CENT (30%) EQUITY IN STARKEN PHILIPPINES INC, BY STARKEN AAC SDN. BHD. ("STARKEN AAC"), A DIRECT WHOLLY-OWNED SUBSIDIARY OF CHIN HIN ("PROPOSED SUBSCRIPTION")

CHIN HIN GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
CHIN HIN GROUP BERHAD ("CHIN HIN")

PROPOSED SUBSCRIPTION OF THIRTY PER CENT (30%) EQUITY IN STARKEN PHILIPPINES INC, BY STARKEN AAC SDN. BHD. ("STARKEN AAC"), A DIRECT WHOLLY-OWNED SUBSIDIARY OF CHIN HIN ("PROPOSED SUBSCRIPTION")

Reference is made to the announcements dated 20 June 2019, 11 November 2019, 18 March 2020, 19 March 2020, 18 June 2020, 23 June 2020 and 3 December 2020 made by Chin Hin.

All capitalized terms contained in this announcement shall be as defined in the earlier announcements.

The Board of Directors of Chin Hin wishes to further inform that stamp duty was paid on 5 March 2021 to the Securities and Exchange Commission of the Philippines (“SEC“) in relation to the Proposed Subscription and SEC required time to process the application.  Starken AAC was informed that as at the date of the announcement, Starken AAC is the registered owner of the shares and the Proposed Subscription is completed.

This announcement is dated 12 March 2021.



Announcement Info

Company Name CHIN HIN GROUP BERHAD
Stock Name CHINHIN
Date Announced 12 Mar 2021
Category General Announcement for PLC
Reference Number GA1-12032021-00001