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Chip Eng Seng Corporation (CES)
Property
Chip Eng Seng enters into agreements with its JV partners to redevelop Peace Centre and Peace Mansion
The partners, through their JVCos, have also entered into a facility agreement with several banks for a loan of $835.7 million.
February 17, 2023
Offer
Tangs’ offer for Chip Eng Seng turns unconditional
The closing date of the offer is extended to 5.30pm on Jan 19.
December 15, 2022
M&A
Chip Eng Seng to acquire remaining shares in CES Tropical (Maldives) for US$1.3 mil
The sale shares represent 30% of the total issued share capital in CES Tropical (Maldives).
December 13, 2022
Property
Chip Eng Seng terminates sale contracts with purchasers of units in JV's proposed mixed-use development in Australia
The decision to the terminate the project was due to the "significantly rising" costs due to Covid-19 and the Russo-Ukrainian war.
July 21, 2022
Contracts
Chip Eng Seng secures contract worth $67.5 mil through 55%-owned JV company
The contract is in relation to the construction of an industrial wastewater plant in Malaysia.
May 12, 2022
Property
Chip Eng Seng to acquire minority interest in 8 Shenton Way for $2.13 mil
The proposed acquisition is said to allow Chip Eng Seng to acquire a meaningful stake in a prime real estate site in the CBD
April 05, 2022
Deals, joint ventures & alliances
Chip Eng Seng to provide management services to hotels and serviced residences via JV as an IPT
Shares in Chip Eng Seng closed 0.5 cent higher or 1.18% up at 43 cents on Jan 31.
January 31, 2022
Insider moves
Capital Group trims stake in Nanofilm; Tang couple raises Chip Eng Seng stake
Nanofilm has been buying back shares
January 13, 2022
Property
Peace Centre and Peace Mansion to go enbloc; SingHaiyi, Chip Eng Seng and KSH make successful joint offer of $650 mil
The offer price of $650.0 million was made on Dec 2 by way of a private treaty, and was accepted on Dec 3.
December 03, 2021
Insider moves
Nanofilm and Chip Eng Seng bosses raise stakes in respective companies
Nanofilm Technologies International maintains that it has a healthy demand pipeline. It is also moving into new markets.
October 21, 2021