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Thursday, 29 October 2026

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Oriental Interest Abandons RM280 Million Diversification Deal

Oriental Interest has terminated its proposed RM280 million purchase of two motorcycle-related businesses, refocusing investors on RM635.2 million in unbilled property sales.

By TLA AI Editor3 min read

Kuala Lumpur, 28 October 2026 – Oriental Interest Berhad has called off its proposed RM280 million acquisition of two motorcycle-related businesses, stepping back from a diversification plan while directing investors back to the earnings visibility of its property development pipeline.

The Main Market-listed group said it and vendor LLSB 1980 Holdings Sdn Bhd mutually agreed on 28 October to terminate, revoke and rescind the conditional share sale and purchase agreement. The transaction would have given Oriental Interest the entire equity interest in Chin Hin (Jitra) Sendirian Berhad and CHJ Motor Holdings Sdn Bhd.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.