KUALA LUMPUR (Jan 15): Chin Hin Group Property Bhd (KL:CHGP) has cancelled the RM74 million sale of its commercial vehicle and bodyworks businesses after the buyer failed to secure financing, delaying the group’s plan to fully focus on property development. N&K Resources is a real estate company owned by All Trade Resources (Malaysia) Sdn Bhd. Chin Hin had planned to sell its entire equity interests in four subsidiaries — Boon Koon Vehicles Industries Sdn Bhd, BKCV Sdn Bhd, Boon Koon Fleet Management Sdn Bhd and BK Fleet Management Sdn Bhd. Chin Hin Property said it will refund the RM7.4 million deposit paid by the purchaser, free of interest, and that both parties will have no further rights or obligations under the agreement. Shares in Chin Hin Property closed up one sen, or 0.85%, at RM1.18 on Thursday, valuing the group at about RM1.64 billion.

Source: The Edge Markets January 15, 2026 11:45 UTC