Chip Eng Seng drops spin-off plan
Published Mon, Feb 15, 2016 · 09:29 AM
Chip Eng Seng Corporation on Monday said it would drop plans to spin-off its subsidiaries that are in the construction business.
"The company has decided not to proceed with the proposed restructuring, having taken into account numerous factors, such as prevailing market conditions, amongst others," it said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Brokers’ take: CGS International upgrades Nanofilm to ‘hold’ despite lower target price
Roche cuts pipeline after research setbacks and sales drop
Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head
London stocks hit new record at open
Heineken sells more beer in Q1, sticks to outlook
US seeks 36 months’ jail for Binance founder Zhao