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Oriental Interest calls off RM280mil acquisition deal

PETALING JAYA: Property developer Oriental Interest Bhd (OIB) has announced that it will not proceed with the proposed acquisitions of the entire equity interest in Chin Hin (Jitra) Sdn Bhd and CHJ Motor Holdings Sdn Bhd for a total purchase consideration of RM280mil, first announced on July 27, 2026.

The Star MalaysiaThe Star查看原文 ↗
东方投资公司取消2.8亿令吉收购交易

PETALING JAYA: Property developer Oriental Interest Bhd (OIB) has announced that it will not proceed with the proposed acquisitions of the entire equity interest in Chin Hin (Jitra) Sdn Bhd and CHJ Motor Holdings Sdn Bhd for a total purchase consideration of RM280mil, first announced on July 27, 2026.

The company and the vendor, LLSB 1980 Holdings Sdn Bhd, have, through a termination agreement dated Oct 28, 2026, mutually agreed to terminate, revoke and rescind the conditional share sale and purchase agreement.

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