PETALING JAYA (June 6) — Chin Hin Group Bhd has strengthened its holdings in two of its listed subsidiaries, Ajiya Bhd and Chin Hin Group Property Bhd, through a series of share acquisitions conducted between late May and early June 2026.
The purchases, disclosed through multiple Bursa Malaysia filings on June 5, have increased the group's direct ownership in both companies and triggered a chain of statutory disclosure requirements involving major shareholders linked to the Chiau family.
Chin Hin Raises Ownership in Ajiya
In Ajiya Bhd, Chin Hin acquired a total of 217,300 shares via open market transactions over three trading days:
71,400 shares on May 29 at RM0.99 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 the acquisitions, Chin Hin's direct shareholding in Ajiya increased to 405.37 million shares, representing approximately 73.93% of the company's issued shares.
Larger Acquisition in Chin Hin Property
The more notable transaction involved Chin Hin Group Property Bhd, where Chin Hin acquired 3.19 million shares on June 3.
The purchases comprised:
69,000 shares bought through the open market at RM1.041 per share
3.12 million shares acquired through an off-market transaction at RM1.05 per share
The off-market block purchase was valued at approximately RM3.27 million and significantly boosted Chin Hin's direct stake in its property arm to 792.62 million shares, equivalent to 57.23%.
The identity of the seller involved in the off-market transaction was not disclosed in the Bursa filings.
Multiple Bursa Filings Stem From Ownership Structure
Although the acquisitions were relatively straightforward, they generated a total of 18 Bursa filings across the two companies.
This was largely due to Chin Hin's layered shareholding structure. Under the Companies Act 2016, individuals and entities deemed to have indirect interests in Chin Hin Group are required to disclose changes in shareholdings when the company acquires additional shares in its subsidiaries.
As a result, the purchases triggered derivative disclosures involving parties connected to the Chiau family, including Datuk Seri Chiau Beng Teik and Datuk Wira Chiau Haw Choon.
The filings do not indicate separate purchases by these parties but merely reflect statutory reporting obligations arising from Chin Hin's transactions.
Ajiya Shareholders Approve Key Corporate Mandates
Separately, Ajiya held its 30th Annual General Meeting on June 5 at its headquarters in Sri Petaling.
Shareholders approved all resolutions tabled at the meeting, 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 key approvals obtained were:
Renewal of the company's 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 Investors Can Learn
Several key takeaways emerge from these transactions:
1. Chin Hin is reinforcing control over its subsidiaries.
The continued accumulation of shares in both Ajiya and Chin Hin Property suggests management remains confident in the long-term prospects of these businesses and is willing to increase its ownership exposure.
2. The Chin Hin Property block deal is the most significant development.
The acquisition of more than 3.1 million shares through an off-market transaction enabled Chin Hin to increase its stake efficiently without affecting market liquidity or share prices.
3. High ownership levels may reduce free float.
With Chin Hin now owning approximately 73.9% of Ajiya and 57.2% of Chin Hin Property, the available shares for public investors become relatively smaller, which may influence trading liquidity over time.
4. The disclosures do not indicate new investors entering the companies.
The numerous Bursa filings primarily reflect regulatory reporting requirements stemming from the Chiau family's indirect interests rather than separate share acquisitions by multiple parties.
5. Management has not disclosed a specific rationale.
While the purchases may signal confidence in the subsidiaries' valuations and future growth prospects, Chin Hin has not issued a separate statement explaining the strategic purpose behind the acquisitions.
Overall, the transactions demonstrate Chin Hin Group's continued effort to consolidate its positions within its listed subsidiaries, with the off-market acquisition in Chin Hin Property standing out as the most material move in the latest round of share purchases.
Yao Mu Realty, based in Kuala Lumpur, Malaysia, specializes in industrial real estate for factories and land, delivering professional and efficient solutions.
Posted by Yao Mu Realty Sdn Bhd on 6 Jun 26
Malaysia