Chin Hin Group has acquired another 30,291, 700 ordinary shares in furniture maker Signature International Berhad for RM0.84 per share totalling to RM25.44 million.
With the latest acquisition, the group will now hold about 33.49% equity interest in the group, this will also oblige for Chin Hin to extend a conditional mandatory general offer for all the remaining shares in Signature not owned by the group for RM0.84.
The proposed acquisition and proposed offer is still subject to approvals from shareholders of the Chin Hin Group it said in a filing to Bursa.
