Chin Hin partners Singapore firm to provide solutions for Malaysian construction players

This article first appeared in The Edge Financial Daily, on January 31, 2019.
-A +A

KUALA LUMPUR: Chin Hin Group Bhd is teaming up with a Singaporean company to provide consultancy and solutions for construction players in Malaysia.

Chin Hin’s unit, Chin Hin Academy Sdn Bhd (CHA), yesterday signed a teaming agreement with Bimage Consulting Pte Ltd, which is primarily involved in providing consulting and services in digitising construction and infrastructure processes.

Under the one-year agreement, CHA will gather market intelligence, provide insights, assist in the preparation of proposals, and introduce prospective customers to Bimage.

Bimage, meanwhile, will prepare proposals and attend meetings related to business development, sales, technical and pricing matters, Chin Hin said.

“Bimage shall not engage with the identified customer directly or indirectly during the term of the agreement other than via CHA,” it added.

Chin Hin expects the agreement to contribute positively to its earnings, net assets and gearing.

Chin Hin shares closed 0.5 sen or 0.71% higher at 70.5 sen yesterday, giving the group a market capitalisation of RM392.25 million.