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

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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

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

    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.

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