OTHERS CHIN HIN GROUP BERHAD ("CHIN HIN" OR "THE COMPANY") - REVALUATION OF NON-CURRENT ASSETS OF THE GROUP
| CHIN HIN GROUP BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | CHIN HIN GROUP BERHAD ("CHIN HIN" OR "THE COMPANY")
- REVALUATION OF NON-CURRENT ASSETS OF THE GROUP |
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INTRODUCTION
Pursuant to Paragraph 9.19 (46) of the Main Market Listing Requirement of Bursa Malaysia Securities Berhad, the Board of Directors of Chin Hin (“Board”) wishes to announce that the Company had undertaken a revaluation exercise on the Investment Properties (“IP”) held by the Company and its subsidiaries (“Group”) for the financial year ended 31 December 2025 (“Revaluation”).
The Board had on 26 February 2026 approved the valuation reports dated 31 December 2025 and the incorporation of the Revaluation surplus/deficits arising from the Revaluation in the fourth quarter unaudited financial results of the Group for the financial year ended 31 December 2025.
PURPOSE OF THE REVALUATION
The Revaluation was carried out to ascertain the carrying value of the Group’s IP for impairment purposes and to reflect the fair value of the IP in the unaudited financial statements of the Group for the financial year ended 31 December 2025. This Revaluation is in compliance with Malaysian Financial Reporting Standard 140: Investment Property (“MFRS 140”).
REVALUATION SURPLUS/DEFICITS, NAME OF VALUERS AND VALUATION OF IP BY VALUERS
The valuations were conducted by independent valuers, CBRE WTW Valuation & Advisory Sdn. Bhd., Nasir Sabaruddin & Associates Sdn. Bhd. and KGV International Property Consultants (M) Sdn. Bhd. (“IP Valuers”) on the Group’s IP held on 31 December 2025. The total market value as appraised by the IP Valuers on the Group’s IP is RM76,270,000, resulting in a total revaluation surplus of RM130,000. The net revaluation surplus from the IP did not materially affect the Group’s consolidated net asset per share. The list of revalued IP is attached in Appendix A.
DOCUMENTS FOR INSPECTION
Copies of the revaluation reports are available for inspection at the registered office of the Company at 22-09, Menara 1MK, No. 1 Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur between 8.30 a.m. and 5.30 p.m. from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement.
The announcement is dated 26 February 2026. |
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Please refer attachment below.
Announcement Info
| Company Name | CHIN HIN GROUP BERHAD |
| Stock Name | CHINHIN |
| Date Announced | 26 Feb 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-26022026-00015 |