Techna-X Bhd is set to appoint a director from Chin Hin Group Bhd to its board within two weeks. This move follows significant corporate restructuring at Techna-X, including a rights issue of warrants and changes in board members and share ownership.
Chin Hin has a history of acquiring controlling stakes in various companies, leading to increased profitability and rising stock prices.
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In recent months, TechnaX has undergone significant corporate restructuring, including a rights issue of warrants and a major overhaul of its board members. There have also been substantial changes in the ownership of major blocks of TechnaX shares, including those held by current and former directors.
Chin Hin’s acquisitions
ChinHin and its controlling shareholders have actively acquired controlling stakes in various companies over the past few years. Notable acquisitions include:
Chin Hin Group Property Bhd (CHGP, Stock code: 7187) Friday closed at RM2.84
Ajiya Bhd (Ajiya, Stock code: 7609): Friday close at RM1.52
Signature International Bhd (Sign, Stock code: 7246): Friday closed at RM1.47
Teladan Group Bhd (Teladan, Stock code: 0230): Friday closed at RM1.02
Master Tec Group Bhd (MTec, Stock code: 0295): Friday closed at RM1.36
Fiamma Holdings Bhd (Fiamma, Stock code: 6939): Friday closed at RM1.19
Notably, following Chin Hin’s involvement, all these companies have either turned profitable or become more profitable. Their stock prices have been on a steady upward trend, surpassing RM1, with the exception of CHGP, which is nearing RM3.
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