PETALING JAYA (June 6) — Chin Hin Group Bhd has continued increasing its ownership in two of its listed subsidiaries, Ajiya Bhd and Chin Hin Group Property Bhd, through a combination of open-market and off-market share acquisitions conducted between late May and early June 2026.
The transactions resulted in a series of Bursa Malaysia disclosures on June 5, reflecting not only the direct acquisitions by Chin Hin Group but also disclosure obligations arising from the group's ownership structure.
Share Accumulation in Ajiya
In Ajiya Bhd, Chin Hin Group acquired a total of 217,300 shares through three open-market purchases:
71,400 shares on May 29 at RM0.990 per share
41,900 shares on June 3 at RM0.999 per share
104,000 shares on June 4 at RM0.989 per share
Following these acquisitions, Chin Hin Group's direct shareholding in Ajiya increased to 405.37 million shares, representing approximately 73.93% of the company.
Larger Move in Chin Hin Property
A more substantial acquisition took place in Chin Hin Group Property Bhd, where Chin Hin Group purchased 3.19 million shares on June 3.
The purchases comprised:
69,000 shares acquired through the open market at RM1.041 per share
3.12 million shares acquired through an off-market transaction at RM1.050 per share
Following the transactions, Chin Hin Group's direct stake in its property arm rose to 792.62 million shares, equivalent to 57.23% ownership.
Based on the transaction price, the off-market block acquisition was valued at approximately RM3.27 million.
Why So Many Bursa Filings?
Although 18 separate filings were lodged, the disclosures stemmed from a relatively small number of transactions.
The filings were triggered by Malaysia's substantial shareholder reporting requirements, which require parties deemed to have an indirect interest in the shares to disclose changes in ownership.
Datuk Seri Chiau Beng Teik and Datuk Wira Chiau Haw Choon are deemed interested through a corporate ownership chain involving PP Chin Hin Realty Sdn Bhd and Divine Inventions Sdn Bhd, which collectively control a significant stake in Chin Hin Group Bhd.
As a result, when Chin Hin Group acquires shares in its subsidiaries, multiple related parties within the ownership structure must submit corresponding disclosures, creating what appears to be a cascade of announcements.
The Key Takeaway: Off-Market Block Deal Signals Commitment
The most notable development is the acquisition of 3.12 million Chin Hin Property shares through an off-market transaction.
Unlike open-market purchases, block transactions are typically negotiated directly between buyer and seller and can indicate a deliberate effort to increase strategic ownership without significantly affecting market prices.
While the seller was not identified in the Bursa filings, the transaction enabled Chin Hin Group to strengthen its control over Chin Hin Property and push its ownership stake beyond the 57% level.
The continued accumulation of shares in both subsidiaries suggests that the group remains confident in the long-term prospects of its manufacturing and property businesses.
Ajiya Shareholders Approve Key Corporate Mandates
Separately, Ajiya Bhd held its 30th Annual General Meeting on June 5 at Menara Chin Hin in Sri Petaling.
All resolutions were approved by shareholders, except for the proposed re-election of Datuk Mohd Yusri Md Yusof, which was withdrawn following his resignation as director on June 1.
Among the resolutions approved were:
Renewal of the share buy-back mandate
General authority to issue new shares under Sections 75 and 76 of the Companies Act 2016
Renewal of the shareholders' mandate for recurrent related-party transactions
What We Learned
The latest acquisitions reveal several important signals:
Chin Hin is steadily increasing ownership in key subsidiaries, particularly Chin Hin Property and Ajiya, reinforcing group control.
The off-market purchase is the most significant transaction, accounting for over 97% of the shares acquired in Chin Hin Property during the exercise.
Management appears comfortable deploying capital at current market valuations, indicating confidence in the subsidiaries' future performance.
The numerous Bursa announcements do not represent multiple buying parties, but rather a chain of mandatory disclosures arising from the Chiau family's ownership structure.
Minority shareholders should monitor future share accumulation trends, as continued purchases could further strengthen Chin Hin Group's influence over strategic decisions within both subsidiaries.
Malaysia