The Business Times
business-time-50

Hot stock: Chip Eng Seng requests trading halt amid heavy volumes in early trade

google-preferred-sourceAdd BT as a preferred source

Russell Marino Soh

Published Fri, Nov 25, 2022 · 09:55 AM
    • The surge in trading volume comes a day after chairman Celine Tang and her husband made an offer to acquire all issued ordinary shares at S$0.72 apiece.
    • The surge in trading volume comes a day after chairman Celine Tang and her husband made an offer to acquire all issued ordinary shares at S$0.72 apiece. PHOTO: SINGHAIYI

    OVER 15 million shares of Chip Eng Seng changed hands in early trade on Friday (Nov 25) morning, a day after chairman Celine Tang made a cash offer to privatise the company.

    As at 9.20 am, Chip Eng Seng was among the five most heavily traded counters by volume. It was also the third most traded by value, coming in just behind UOB and DBS, with securities worth S$10.9 million transacted.

    Shares of the counter dipped 1.4 per cent or S$0.01 to S$0.715. No married deals were recorded, according to ShareInvestor data.

    Hot Stockchip eng seng

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More