SUBSCRIBERS

Chip Eng Seng to acquire S$25m industrial building at Tuas

Published Wed, Jun 10, 2020 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

PROPERTY and construction player Chip Eng Seng on Wednesday announced that its subsidiary CES-Precast (CESP) will acquire the remaining unexpired leasehold estate in an industrial building in Tuas.

The S$25 million acquisition comes as part of the group's plans to diversify its businesses amid the Covid-19 fallout.

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Copyright SPH Media. All rights reserved.