KUALA LUMPUR (June 30): Datuk Seri Chiau Beng Teik, 65, is stepping down from the boards of several Chin Hin Group-linked listed companies, passing the baton to his children under a planned succession exercise.

Separate Bursa Malaysia filings on Tuesday showed that Beng Teik will resign as non-independent non-executive chairman of Chin Hin Group Bhd (KL:CHINHIN), Chin Hin Group Property Bhd (KL:CHGP), Ajiya Bhd (KL:AJIYA), Fiamma Holdings Bhd (KL:FIAMMA) and Signature International Bhd (KL:SIGN) with effect from July 1.

At the same time, his son Datuk Wira Chiau Haw Choon, 42, will become executive chairman of these five companies following his redesignation from executive director or managing director roles.

His daughter, Shelly Chiau Yee Wern, 35, has also been appointed executive director at Ajiya and Fiamma. Yee Wern is currently serving as executive director of Chin Hin Group, Chin Hin Group Property and Signature International.

Under the succession plan, Beng Teik will transition from his role to become the founder and chairman emeritus of the group, said Chin Hin in a statement.  

Concurrently, he will serve as chairman emeritus for Chin Hin Group Property, Signature International, Fiamma and Ajiya.

In this apex advisory capacity, Beng Teik will continue to provide long-term counsel and strategic mentorship, ensuring the group remains anchored to its foundational disciplines.

Chin Hin Group said the transition was structured to reinforce succession continuity and support the next phase of institutional growth.

“The board views this as a carefully planned step in the group’s long-term succession journey — one that reflects the maturity of Chin Hin’s leadership structure and its continued institutionalisation as the group enters its next phase of growth. This is not a change in direction, but the continuation of a long-term plan,” said Chin Hin Group.

“As Chin Hin moves into its next chapter, the group remains focused on delivery quality, margin improvement, prudent capital management, stronger governance, digital transformation and sustainability — anchored by its core strengths and a shared culture of One Vision, One System, One Culture,” it added.

The group said the transition is underpinned by a robust financial foundation and a market presence in 12 countries.

As at Dec 31, 2025, the group maintained a controlled net gearing ratio of 0.53 times.

Forward earnings visibility remains highly resilient, supported by a RM2.10 billion construction order book, RM2.18 billion in unbilled property development sales, and an estimated RM1.28 billion order backlog within the Home & Living segment.

Moving forward, Chin Hin said its business model remains firmly anchored around its core integrated competencies in building materials, construction engineering, property development, and home and living solutions. 

The Chiau family is the controlling shareholder of Chin Hin, which is involved in the distribution and manufacturing of building materials.

As at March 31, 2026, Beng Teik held a 60.374% interest in the group, comprising a direct stake of 21.813% and a deemed interest of 38.561% through PP Chin Hin Realty Sdn Bhd and its wholly owned unit Divine Inventions Sdn Bhd.

Haw Choon held a 43.93% interest, comprising a direct 5.369% stake and the same deemed interest through the two private vehicles, while Yee Wern held a 0.574% stake in Chin Hin.

The four companies form part of the Chin Hin group's listed ecosystem, spanning building materials, property development and home and living businesses.

Chin Hin owns a 58.29% stake in property company Chin Hin Group Property, a 74.46% stake in building materials manufacturer Ajiya and a 59.64% stake in kitchen cabinet maker Signature International.

Through Signature and Divine Inventions, the Chiau family also held a 28.29% stake in home appliance distributor Fiamma.