Chin Hin founder now a substantial shareholder in Tadmax

Chin Hin founder now a substantial shareholder in Tadmax
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KUALA LUMPUR (March 17): Ready-mix concrete supplier and property developer Tadmax Resources Bhd today announced that Chin Hin Group Bhd founder cum deputy group executive chairman Datuk Seri Chiau Beng Teik has emerged as a substantial shareholder in the company with a 5.11% stake.

In a filing with Bursa Malaysia today, Tadmax disclosed that Chiau bought 25 million shares via a direct business transaction on Wednesday (March 15), but did not reveal the price at which the shares were traded.

As at Dec 21 last year, Chiau has a 69.72% stake in Chin Hin.

Tadmax gained three sen or 7.06% to settle at 45.5 sen today, giving it a market capitalisation of RM222.6 million.

Chin Hin too advanced three sen or 2.33% to close at RM1.32, valuing the building materials producer at RM667.8 million.