Chin Hin Group Property Bhd has announced plans to acquire an industrial property in Kota Damansara, Selangor, from Signature Cabinet Sdn Bhd, a wholly-owned subsidiary of Signature International Bhd, for RM66 million.
In a filing with Bursa Malaysia, Chin Hin said the acquisition forms part of its strategy to expand its property and industrial portfolio, enabling the group to diversify its income streams and strengthen its presence in key growth areas.
The property, located in the well-established industrial hub of Kota Damansara, is expected to support Chin Hin’s ongoing operations and investment objectives, providing potential for rental income or future development.
Chin Hin added that the acquisition is subject to the completion of due diligence and any regulatory approvals required under Malaysian corporate and property laws.
Management noted that the transaction aligns with the company’s long-term strategy to grow its asset base while maximising shareholder value.
The deal also reflects a growing trend among Malaysian property developers to strategically acquire industrial and commercial assets in high-demand areas to capitalise on steady industrial growth and demand for modern facilities.
