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Hiap Seng investing $1.02 mil in scaffolding subcontractor

PC Lee Published on Mon, Sep 25, 2017 / 5:49 PM GMT+8

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SINGAPORE (Sept 25): Hiap Seng Engineering is investing $1.02 million in its scaffolding subcontractor.

On Monday, wholly-owned subsidiary Hiap Seng-Sanko signed an agreement with ProEn Scaffold and its founder Quek Hung Ling to subscribe to 1.02 million new ProEn shares at $1 each.

Quek also subscribed to 930,000 new ProEn shares by capitalising $930,000 which was part of his outstanding loan to ProEn.

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