New boss takeover?

Chin Hin JV in Hokkien meaning very prosperous?

Chin Hin and Ivory Properties to develop Crown Penang, to launch in 2Q2024

KUALA LUMPUR (May 3): Chin Hin Group Property Bhd, via its subsidiary Stellar Platinum Sdn Bhd, signed a joint development agreement (JDA) with Ivory Properties Group Bhd, via its wholly-subsidiary Ivory Meadows Sdn Bhd, to develop the RM475 million Crown Penang, which is targeted for launch in 2Q2024. This will be Chin Hin’s first foray into Penang.

“At Chin Hin, we believe strongly in forging strategic partnerships to accelerate growth and value creation for our customers and shareholders. We are delighted to take another leap forward with our first foray into Penang’s exciting real estate market, which is expected to continue to trend upward post-pandemic,” said Chin Hin Group Property’s non-independent non-executive director Datuk Seri Chiau Beng Teik.

Ivory Properties Group Bhd’s chairman and independent non-executive director Datuk Abdul Malik Abul Kassim said the partnership marked a significant milestone for both parties and he is confident about the success of the collaboration.

Under the JDA, Stellar Platinum will fund the entire Crown Penang project costs through capital injection, internal funds and secure financing facilities, while Ivory Meadows will manage the development of the project including planning, construction, as well as marketing and sales. Stellar Platinum will seek a collaborative partner to take up 30% of its stake.

Crown Penang comprises 588 units within a 41-storey tower, and its units will feature smart-home technology in an urban resort setting. The units have built-ups from 495 sq ft to 1,367 sq ft, with studio to three-bedroom layouts. The units have an indicative selling price of RM620,000.

It will have a double-storey rooftop facilities desk, which “crowns” the residential tower and is located on the last plot of seafront land of Seri Tanjung Pinang 1. The development is located adjacent to the up-and-coming Gurney Wharf, a 60-acre waterfront public recreation area park by the Penang state government, and will be linked via the Penang Outer Ring Road. The development is targeted to be completed in 2027.

Nearby amenities include Lotus’s Tanjung Pinang, Straits Quay Retail Marina and a waterfront promenade, which will be in walking distance. A short drive away will allow residents to find banks, shopping malls, medical centres, schools, wet markets, restaurants, coffee shops and hawker centres.

The design and concept of Crown Penang was done with collaborative efforts of Quintrix Architects, Chaos Design Studio, Sputnik Forest Labs, Permata Green and Arup.
https://www.theedgemarkets.com/node/665538

Why TS Wong 82 sen must dispose?

023-05-03

Insider

MR WONG THEAN SOON (a company director) disposed 14,810,000 shares at 0.820 on 03-May-2023.

State election coming soon so Ewein 1 of Penang counter must goreng?

LRT cannot solve traffic jam problem alone. Tunnel or 3rd bridge better choice.

Penang island full of cars and traffic jam how to ease traffic jam if not through "Tunnel" or 3rd bridge?

Got balls vote PN in 6 states election can you?

Operator sure see haters comment so won't help you here. Complain to politicians now in govn is best way.

Those get conned by Icon why don't you complain in Rafizi or Nurul Izzah facebook?

I con is like PH con voters? GE16 like that PH must lose or coming state election?

Ekuinas Rafizi met yesterday why Icon Ekuinas no mention?

Penang bridge every year traffic jam getting worse how to solve?

Drop so that give chance those miss the boat buy cheaper before flying again?

US boycott China gloves so must buy Malaysia gloves?

PM-X from Cerok Tok Kun, Penang must take care Penang people more.

RM 1-1.5 Ewein by state election we vote DAP(PH).

Road tax no need to show? PH really help rakyat to lower cost of living.

Wong keep buying sebab ada ONG?

Subang airport project? Why not ask for Bayan Lepas airport also?

Esos 10.5 sen also bought?

PM-X visit Thailand today? Should ask PM/people there which place in Malaysia they will visit? Penang island/KL/Ipoh/JB or Kuching?

Penang Undersea Tunnel or 3rd bridge is the news?

Undersea tunnel OK to be built 'on principle', Penang exco tells state assembly
https://www.malaymail.com/news/malaysia/2022/11/24/undersea-tunnel-ok-to-be-built-on-principle-penang-exco-tells-state-assembly/41679

Gamuda also can.

E&O, IJM takeover also possible.

Nobody from Penang? Is property doom business? How about other Penang companies takeover eg Oriental, Farlim, Tambun, etc?

RJ87 I not agree your comments. If Fintec buy more Focus why Bursa news don't have? By right Fintec should own 40-50 % if 2.58 Focus bought by Fintec?

Virtual EGM cannot ask question? Eg why not Fintec sell Focus instead of RI?

Those own PA can buy RI or must convert PA first?

If 8 sen RI you still gain plus free warrant?

Don't like RI you must vote no.

AGM those cannot attend can you attend virtual EGM on 26th Oct? Regarding coming RI?

I no own ASB but I think foreign funds prefer Anwar than Muhyiddin as PM.

Even DAP disagree can Anwar become PM 9 if all Malay parties(Umno, PKR, Pas, Amanah, GPS)support?

Why Muhyiddin not liked as PM? Why under him only gloves stocks gain? No wonder GDP drop 17% Anwar must tell Agong. Latest is Covid19 worsen esp after Sabah state election .

3.5 sen dividend follow PBA? Why share price no follow 0.87?

PBA also Pg ctr why 87 sen can not Ewein. Proof Muhyiddin not good?

Airasia loss bigger why 60 sen can?

Haters ASB goreng you not aware? Got QR profit?

Haters that's why PM must change. If Muhyiddin good why MSM not good ?

No Msm why Kpc here?

Ask MSM issue 10 1 kg MSM sugar for each household all paid by govn if Anwar PM 9? Can redeem the voucher in all supermarket?

Give each household 10 kg MSM sugar if Anwar PM 9.

Anwar if PM 9 can give Rakyat free 10 kg MSM sugar in 2021 Budget to lessen burden from Covid-19.

Anwar if PM 9 can ask govn to give Rakyat free RM 50-100 Parkson voucher in 2021 Budget.

Can open Parkson in Port Dickson after PM 9?

WC Anwar buddy?

3.5 sen dividend even RM 1 DY>FD.