MEMORANDUM OF UNDERSTANDING CHIN HIN GROUP BERHAD - MEMORANDUM OF UNDERSTANDING WITH EC EXCEL WIRE HOLDINGS SDN. BHD.
| CHIN HIN GROUP BERHAD |
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | CHIN HIN GROUP BERHAD - MEMORANDUM OF UNDERSTANDING WITH EC EXCEL WIRE HOLDINGS SDN. BHD. |
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1. INTRODUCTION The Board of Directors of Chin Hin Group Berhad (“CHGB” or “the Company”) is pleased to announce that the Company, had on 2 January 2026 entered into a Memorandum of Understanding (“MOU”) with EC Excel Wire Holdings Sdn. Bhd. (“EEWH”) to establish a strategic alliance with EEWH for mutual benefits and synergies. Pursuant to the MOU, EEWH will be the Company’s vendor in supplying welded mesh, wire mesh as well as steel bars for all the Company’s upcoming and future projects.
2. INFORMATION ON EEWH EEWH is a private limited company incorporated on 27 March 2018 in Malaysia and it is a holding company. The present issued and paid up capital of EEWH is RM2.00 comprising 2 ordinary shares. The director and shareholder of EEWH is Ng Heng Hong.
3. SALIENT TERM OF THE MOU CHGB agrees to grant a first of refusal to EEWH to undertake the supply of wiremesh products and steelbar (collectively referred as “Products”) to CHGB provided always that the price quotation shall be competitive against the quotations received by CHGB from other third party suppliers.
The MOU is effect immediately from the date of the MOU and shall remain valid for a period of 3 years and automatically renew on an annual basis unless earlier terminated by any party by giving 30 days advance notice in writing to the other party.
4. RATIONALE OF THE MOU Following the completion of the disposal of the Metex Steel Sdn. Bhd., the MOU serves as the framework for strategic collaboration between the Parties to ensure the continuity and certainty of supply of the Products to the Group without any disruptions for their ongoing business operation, while allowing EEWH to leverage its manufacturing capabilities. The Board is optimistic that the MOU would generate synergistic benefits to the Group in future.
5. FINANCIAL EFFECTS The MOU is not expected to have any material effect on the net assets per shares, earning per share, gearing share capital and substantial shareholders’ shareholdings of CHGB for the financial year ending 31 December 2025.
6. RISK IN RELATION TO MOU There is no assuarance that the MOU will not be exposed to the risks such as termination of MOU or inability to fulfill the terms and conditions of the MOU apart from the risk inherent in the collaboration as it creates a legal and binding obligations between the parties. Notwithstanding the foregoing, CHGB will take the necessary steps to ensure that the terms and conditions of the MOU which are within the control of the CHGB is met on a timely basis and will take the necessary steps to mitigate the risks as and when it arises.
7. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST None of the Directors, major shareholders and/or the chief executive of the Company and/or any person connected with them has any interest, either directly or indirectly, in the MOU.
8. APPROVALS REQUIRED The MOU being incurred in the ordinary course of business of CHGB Group, is not subject to the approval of the shareholders or any relevant authorities.
9. STATEMENT OF THE DIRECTORS The Board of Directors of CHGB, having taken into consideration all aspects of the MOU, is of the opinion that the MOU is in the best interest of the CHGB Group.
10. DOCUMENTS AVAILABLE FOR INSPECTION The MOU is 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. |
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Announcement Info
| Company Name | CHIN HIN GROUP BERHAD |
| Stock Name | CHINHIN |
| Date Announced | 02 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02012026-00069 |