Gordon Tang

The Tangs can now exercise their right to acquire the remaining shares

The closing date of the offer is extended to 5.30pm on Jan 19.

As at June 30, Chip Eng Seng's book value was 99.06 cents per share

Celine Tang chairs both companies' boards

Year to date, Chip Eng Seng's share price has gained 71.43% to close at 72 cents on Nov 7.

The proposed acquisition is said to allow Chip Eng Seng to acquire a meaningful stake in a prime real estate site in the CBD

Shares in Chip Eng Seng closed 0.5 cent higher or 1.18% up at 43 cents on Jan 31.

The last time Zhong bought shares from the open market was on May 4 - at $1.36.

Insider transactions in SingHaiyi, GRP and Keppel

SINGAPORE (June 23): ARA Asset Management is offering to acquire 29% of all Cromwell Property Group’s stapled securities that it does not already hold for A$0.90 per stapled security reduced by any dividends or distributions declared, determined or paid