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Chip Eng Seng, Lum Chang have new ventures

Chip Eng Seng unit acquiring 70% of education group; Lum Chang taking 50% stake in rehab services company

Published Fri, Jul 20, 2018 · 09:50 PM
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Singapore

DEVELOPERS cum construction firms Chip Eng Seng and Lum Chang on Friday announced acquisitions of new businesses in education and healthcare respectively.

Chip Eng Seng said that its subsidiary has signed a sale and purchase agreement with an affiliate of private equity firm Navis Capital to acquire 70 per cent of White Lodge Education Group Services for S$13.3 million in cash.

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