Chin Hin, PTT Synergy team up to develop smart warehouses, logistics hubs

• The planned developments will incorporate artificial intelligence, automation, robotics, digital twin technologies and sustainable energy solutions, Chin Hin said in a bourse filing.
• Chin Hin said the partnership will enable it to expand into automated warehousing and smart logistics by leveraging PTT Synergy’s proprietary automation technology and software.

KUALA LUMPUR (Nov 7): Builder and property developer Chin Hin Group Bhd (KL:CHINHIN) is partnering with PTT Synergy Group Bhd (KL:PTT) to jointly develop smart warehouses, industrial parks and digital logistics infrastructure.

Both companies have signed a joint venture and shareholders’ agreement for the collaboration, under which Chin Hin will hold a majority stake in the joint-venture company, while PTT Synergy will own the remaining 49%.

The planned developments will incorporate artificial intelligence, automation, robotics, digital twin technologies and sustainable energy solutions, Chin Hin said in a bourse filing.

Chin Hin said the partnership will enable it to expand into automated warehousing and smart logistics by leveraging PTT Synergy’s proprietary automation technology and software.

The collaboration is expected to strengthen Chin Hin’s industrial and logistics infrastructure capabilities, in line with the rising demand for automation in Malaysia and across Southeast Asia.

The company added that the project is also expected to create new business opportunities and recurring income streams, while showcasing its ability to integrate technology-driven solutions into its construction and industrial divisions.

Meanwhile, PTT Synergy said the venture is a strategic collaboration that combines both parties’ strengths to capitalise on the growing demand for smart, automated, and sustainable logistics infrastructure in Malaysia and the region.

Shares in Chin Hin were down three sen or 1.3% to RM2.24 ahead of the announcement on Friday, giving the company a market capitalisation of RM7.93 billion. PTT Synergy meanwhile was unchanged at RM1.42, valuing it at RM613.7 million.

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