Oriental Interest scraps RM 280 million motorcycle retail and financing acquisitions
Bitget2026/10/28 10:44- Oriental Interest scrapped its RM 280 million acquisitions of Chin Hin (Jitra) and CHJ Motor Holdings, covering motorcycle retail and financing.
- The deal, first disclosed on July 27, 2026, was mutually terminated with vendor LLSB 1980 Holdings on October 28, 2026.
- The cancellation followed a strategic reassessment, with completion expected to take longer and require more resources than anticipated.
- Neither party will have claims against the other arising from the agreement.
- The group remains focused on property development and general construction, supported by approximately RM 635.2 million in unbilled property sales.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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