Chin Hin acquires entire shares in Kempurna for RM4.14m

by TMR

Chin Hin Group Bhd’s unit, Midah Industries Sdn Bhd, has entered into a share sale agreement with the vendors of Kempurna Sdn Bhd to acquire entire equity interest in the latter for RM4.14 million cash. The vendors include Cheong Nam, Wong Tuck Fock and Ng Moy Ying. In an exchange filing yesterday, Chin Hin said the proposed acquisition will enable it to enhance its involvement in door manufacturing business which is currently operated by Midah Industries.