Latest news with #ChinHinGroup
The Star
2 hours ago
- Business
- The Star
Chin Hin in Kingdee tie-up for digital transformation
KUALA LUMPUR: Building materials manufacturer and trader Chin Hin Group Bhd has entered into a strategic customer cooperation agreement with Hong Kong-listed Kingdee International Software Group Co Ltd for a shared digital transformation journey. The partnership with the digital management solutions provider aligns with Chin Hin Group's broader regional vision to set the benchmark for the adoption of digital and artificial intelligence (AI)-driven enterprise solutions across South-East Asia. In a statement yesterday, Chin Hin Group managing director Chiau Haw Choon said that with Kingdee as a strategic partner and its next-generation ecosystem platform as the foundation of the group's enterprise resource management or ERM, it is ready to lead boldly into the GenAI era. Shenzhen, China-based Kingdee, with more than 30 years of expertise and a global customer base exceeding 7.4 million enterprises and organisations, has established itself as a pioneer in cloud-native enterprise management software. Meanwhile, Kingdee Group president Jason Zhang said it looks forward to combining Kingdee's rapid development with Chin Hin Group's operational excellence, and to jointly developing AI-enabled capabilities in Kingdee Cosmic AI Service Cloud, making the project Kingdee's overseas flagship reference. 'The new platform will seamlessly integrate Chin Hin Group's entire value chain – from building materials and construction engineering to property development and home living – onto a single, reliable, and intelligent backbone of finance, procurement and supply chain that cohesively links with respective industry-leading front-end operational modules. 'Built on this foundation, embedded AI workflows and AI agents elevate operations into a fully connected, data-driven ecosystem that powers smarter decisions, sharper efficiency, and accelerated growth,' the statement said. — Bernama
The Sun
18 hours ago
- Business
- The Sun
Chin Hin teams up with Kingdee for digital and AI expansion
KUALA LUMPUR: Chin Hin Group Bhd signed a strategic customer cooperation agreement on August 13, 2025, with Kingdee International Software Group Company Ltd, a leading provider of digital management solutions listed on the main board of the Hong Kong Stock Exchange and headquartered in Shenzhen, China. This partnership marks a pivotal leap in Chin Hin Group's digital transformation journey, uniting two market leaders with a shared commitment to set the highest standards, learn from global exemplars, and execute with decisive speed and precision. It also aligns with a broader regional vision to set the benchmark for the adoption of digital and AI-driven enterprise solutions across Southeast Asia. 'This is more than a partnership; it is the convergence of vision, ambition, and a shared determination to shape the future of enterprise in Southeast Asia,' Chin Hin Group managing director Chiau Haw Choon said. 'With Kingdee as our strategic partner and its next-generation ecosystem platform as the foundation of our Enterprise Resource Management (ERM), we are ready to lead boldly into the GenAI era.' Kingdee, with over 30 years of expertise and a global customer base comprising more than 7.4 million enterprises and organisations, has established itself as a pioneer in cloud-native enterprise management software. The company has been ranked the top SaaS ERM Cloud vendor in China for consecutive years and continues to push the boundaries of AI innovation. At the signing ceremony, Kingdee Group president Jason Zhang acknowledged that the agreement is the result of months of close collaboration and strategic alignment. 'This is a strong alliance that will set a new benchmark for digital transformation in Southeast Asia. 'We look forward to combining Kingdee's rapid development with Chin Hin Group's operational excellence, and to jointly developing AI-enabled capabilities in Kingdee Cosmic AI Service Cloud, making this project Kingdee's overseas flagship reference,' he said. The new platform will seamlessly integrate Chin Hin Group's entire value chain — from building materials and construction engineering to property development and home living — onto a single, reliable, and intelligent backbone of finance, procurement, and supply chain that cohesively links with respective industry-leading front-end operational modules. Built on this foundation, embedded AI workflows and AI agents elevate operations into a fully connected, data-driven ecosystem that powers smarter decisions, sharper efficiency, and accelerated growth. 'This partnership leapfrogs conventional transformation cycles, positioning Chin Hin as a frontier firm in the era of intelligent management, where agility, foresight, and sustainable impact redefine how a diversified group thrives,' Chin Hin Group group transformation officer Abel Saw said. Together, Chin Hin Group and Kingdee are shaping the next chapter of AI-driven digital transformation. This strategic cooperation goes beyond operational synergy — it reflects a high-conviction investment in digital leadership. By fusing Chin Hin Group's diversified strengths with Kingdee's AI-native platforms, the partnership is poised to unlock scalable efficiencies, future-proof growth, and set new standards for long-term value creation.
Yahoo
01-07-2025
- Business
- Yahoo
Chin Hin Group Property Berhad (KLSE:CHGP) stock most popular amongst public companies who own 62%, while individual investors hold 20%
Chin Hin Group Property Berhad's significant public companies ownership suggests that the key decisions are influenced by shareholders from the larger public Chin Hin Group Berhad owns 62% of the company Insider ownership in Chin Hin Group Property Berhad is 11% AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If you want to know who really controls Chin Hin Group Property Berhad (KLSE:CHGP), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are public companies with 62% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. And individual investors on the other hand have a 20% ownership in the company. Let's delve deeper into each type of owner of Chin Hin Group Property Berhad, beginning with the chart below. Check out our latest analysis for Chin Hin Group Property Berhad Institutional investors often avoid companies that are too small, too illiquid or too risky for their tastes. But it's unusual to see larger companies without any institutional investors. There could be various reasons why no institutions own shares in a company. Typically, small, newly listed companies don't attract much attention from fund managers, because it would not be possible for large fund managers to build a meaningful position in the company. Alternatively, there might be something about the company that has kept institutional investors away. Institutional investors may not find the historic growth of the business impressive, or there might be other factors at play. You can see the past revenue performance of Chin Hin Group Property Berhad, for yourself, below. Hedge funds don't have many shares in Chin Hin Group Property Berhad. Looking at our data, we can see that the largest shareholder is Chin Hin Group Berhad with 62% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. Kumpulan Wang Bersama is the second largest shareholder owning 2.5% of common stock, and Human Resources Development Fund holds about 2.4% of the company stock. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our most recent data indicates that insiders own a reasonable proportion of Chin Hin Group Property Berhad. Insiders have a RM159m stake in this RM1.4b business. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. The general public, who are usually individual investors, hold a 20% stake in Chin Hin Group Property Berhad. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. We can see that Private Companies own 6.7%, of the shares on issue. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company. It appears to us that public companies own 62% of Chin Hin Group Property Berhad. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together. It's always worth thinking about the different groups who own shares in a company. But to understand Chin Hin Group Property Berhad better, we need to consider many other factors. For instance, we've identified 1 warning sign for Chin Hin Group Property Berhad that you should be aware of. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
The Star
05-06-2025
- Business
- The Star
Signature Alliance's ACE Market debut nets RM161mil
From left: SAG group chief financial officer Saw Gee Kai, independent director Datuk Boey Chin Gan, independent director Tan Poh Cheok, independent director Lim Sook Yee, promoter and CEO for central region Melvin Ng, executive director and CEO of northern region Mario Foo, executive director and group CEO Darren Chang, promoter Chiau Haw Choon, chairman Datuk Wan Ahmad Satria Wan Hussein, M&A Equity Holdings Bhd Datuk Bill Tan, promoter Datuk Seri Chiau Beng Teik, Chin Hin Group chief financial officer Michael Lim, SAG director Lau Kock Sang and M&A Securities Sdn Bhd head of corporate finance Gary Ting. KUALA LUMPUR: Signature Alliance Group Bhd (SAG) expects to deliver double-digit growth in net profit for the financial year ending Dec 31, 2025 (FY25), underpinned by its robust unbilled order book and tender book. As at April 16, 2025, the interior fit-out solutions provider had a total unbilled order book of RM388.6mil, which will be realised progressively over the next one to two financial years. The group has 69 ongoing projects with a total contract value of RM902.4mil. SAG also has a tender book of RM1.1bil, comprising primarily commercial and industrial property projects. Its executive director and group CEO Darren Chang said the company is confident of securing between 15% and 20% of these tenders by end-2025. 'Based on our historical average tender success rate of around 15% to 20%, we are optimistic about meeting our target,' he told the media following the listing ceremony. For FY24, the group's net profit rose nearly four-fold year-on-year (y-o-y) to RM40.6mil, on the back of a higher gross profit and a net gain on the impairment of financial and contract assets. Revenue more than doubled y-o-y to RM386.02mil in FY24. SAG provides interior fit-out services for different types of premises in the commercial, industrial and residential sectors. In FY24, the commercial segment accounted for the bulk of the group's revenue at 75.2%, followed by the industrial segment at 18.4%, and residential at 6.4%. In terms of pursuing new customers, Chang noted that the group will focus more on the commercial and industrial segments. The company has many repeat customers in the residential segment and will continue to support them when they return with other projects. 'However, residential projects are not our main focus. Our focus remains on commercial projects such as hotels, corporate offices, shopping malls and retail brand spaces,' he said. SAG made its debut on the ACE Market of Bursa Malaysia yesterday, opening at 68 sen per share – six sen higher than its initial public offering (IPO) price of 62 sen. The opening volume was 8.9 million shares. The stock closed its maiden trading day at 70 sen. It hit a high of 72 sen and a low of 67 sen during intraday trade. SAG raised RM161.2mil from the public issue of 260 million new shares. The bulk of the proceeds raised – RM88mil – is earmarked for setting up a new corporate office and a 50,000 sq ft production facility in Selangor. Another RM4mil will be used to purchase machinery and equipment, while RM12mil will go towards expanding its existing Penang office and establishing a new branch office in Johor. Meanwhile, RM30.1mil is allocated for working capital. A further RM20mil is set aside for the repayment of bank borrowings, and the remaining RM7.1mil will be used to defray estimated listing expenses. According to Chang, there is a lot of ongoing development in Penang, where the company already has an office and plans to expand it to serve more customers. Previously, the company was not fully equipped financially to pursue new clients, but with the proceeds from its listing, it is now well-positioned to seek new customers in Penang. 'There is also a lot of ongoing development in Johor as well. For instance, the Johor Baru-Singapore Rapid Transit System Link project is nearing completion.' Chang explained that now is the right time for the company to return to Johor and expand its business there. Currently, the group operates two production facilities in Bandar Baru Bangi and Puchong, Selangor. SAG intends to centralise its production activities and improve overall efficiency by relocating both facilities to the new planned production facility in Klang.
The Star
05-06-2025
- Business
- The Star
Signature Alliance shares rise 13.71% on ACE Market debut
From left: SAG group chief financial officer Saw Gee Kai, independent director Datuk Boey Chin Gan, independent director Tan Poh Cheok, independent director Lim Sook Yee, promoter and CEO for central region Melvin Ng, executive director and CEO of northern region Mario Foo, executive director and group CEO Darren Chang, promoter Chiau Haw Choon, chairman Datuk Wan Ahmad Satria Wan Hussein, M&A Equity Holdings Bhd Datuk Bill Tan, promoter Datuk Seri Chiau Beng Teik, Chin Hin Group chief financial officer Michael Lim, SAG director Lau Kock Sang and M&A Securities Sdn Bhd head of corporate finance Gary Ting KUALA LUMPUR: Investors gave Signature Alliance Group Bhd (SAG) a warm welcome on its debut on the ACE Market of Bursa Malaysia, ramping up the newly-listed share to a 13.71% premium over its initial public offering (IPO) price. At the time of writing, the interior fit-out solutions provider, which raised RM161.2mil via an IPO fundraising, was trading at an intra-morning high of 70.5 sen a share, an 8.5 sen increase over its public issue price of 62 sen a share. It was the most active stock on the domestic market, with 63.9 million shares changing hands. Executive director and group CEO Darren Chang said post-listing ceremony the company is confident of securing between 15% and 20% of its RM1bil tender book by end-2025. He said the tenders primarily comprise commercial and industrial property projects valued at RM1.1bil as at April 15, 2025. "Based on our historical average tender success rate of around 15% to 20%, we are optimistic about meeting our target,' he added. Chang said the company's earnings visibility for the financial year ended Dec 31, 2025 (FY25) and FY26 will be supported by an unbilled order book of RM388.6mil as at April 16, 2025, in addition to anticipated contract wins. As at 16 April 2025, SAG has 69 ongoing projects with a total contract value of RM902.4mil. 'Our current ongoing projects of RM902.4mil, of which RM388.6mil are unbilled, clearly reflects market demand for our interior fitting-out services and provides earnings visibility for the next one to two financial years,' Chang added. SAG is on an expansion drive, allocating more than half of its IPO proceed to the development of a new corporate headquarters and production facility in Selangor. A sum of RM88mil or 54.6% of the total proceeds will go towards the new corporate and production facility, while an additional RM12mil will be used for establishing and expanding brand offices in Penang and Johor. SAG would also allocate RM30.1mil for working capital requirements and RM4mil for the acquisition of new machinery and equipment. The remaining proceeds would be used for the repayment of bank borrowings at RM20mil and to cover listing-related expenses at RM7.1mil. Pre-IPO, SAG was 50.7%-owned by Signature International Bhd , which is indirectly controlled by construction outfit Chin Hin Group Bhd . Following the IPO, Signature International's stake was diluted to 37.5%
