chip eng seng

The family of property tycoons Gordon and Celine Tang now owns the managers of Suntec Reit and Acrophyte Hospitality Trust.

HOCK LOCK SIEW

As one Chinese billionaire family builds its S-Reit empire, what does it mean for minority investors?

The consolidation of power under the Tang family comes with some potential for growth, but also a fair share of uncertainty

After the market closed on Dec 4, OKH said it has entered into an agreement to purchase the entire issued and paid-up share capital of Chip Eng Seng Construction.

Companies & Markets

Hot stock: OKH Global surges 38.9% after proposed acquisition of Chip Eng Seng Construction

The company says the deal could help to revitalise the business and provide a strong financial footing for it to pursue future growth opportunities

What can the new sponsor groups of these property trusts do to unlock value?

Podcasts

BT Mark to Market: ARA H-Trust, Cromwell E-Reit get new sponsors (Ep 44)

ARA H-Trust and Cromwell E-Reit has new sponsor groups backing them. Senior correspondent Ben Paul explains why, and what it means for minority investors.

Cromwell E-Reit, like ARA H-Trust, owns faraway assets and is laden with debt.

Opinion & Features

MARK TO MARKET

New sponsors of Ara H-Trust, Cromwell E-Reit unlikely to quickly lift their depressed valuations

Lack of upside for minorities may further erode confidence in the external-manager model, and fuel calls for manager internalisation initiatives

Chip Eng Seng said the contract is not expected to have any material impact on its net tangible assets and earnings per share for the current financial year ending December.

Companies & Markets

Chip Eng Seng unit bags S$174m HDB contract

PROPERTY developer Chip Eng Seng Corporation announced Tuesday (May 31) that wholly-owned subsidiary CES Engineering & Construction has been awarded a S$173.5 million contract by the Housing and Devel...

TMW Maxwell sits on the site of the former Maxwell House, a 13-storey commercial building at 20 Maxwell Road.

Residential

CEL starts preview of TMW Maxwell; units priced upward of S$3,000 psf

MIXED-USE development TMW Maxwell will launch for preview on Saturday (Jul 29), with prices upward of SS$3,000 per square foot (psf).

Chip Eng Seng chairman Celine Tang (above) launched the offer under the vehicle Tang Dynasty Treasure.

Companies & Markets

Chip Eng Seng loses free float, to be delisted

PROPERTY player Chip Eng Seng said on Wednesday (Feb 15) that it has lost its free float and will be delisted, after obtaining 90.19 per cent valid acceptances to privatise.

Celine Tang and her husband Gordon Tang first launched the privatisation bid for Chip Eng Seng in November 2022 through their investment holding company.

Companies & Markets

Chip Eng Seng privatisation offer closing date extended to Feb 16

THE closing date for the mandatory cash offer of Chip Eng Seng by chairman Celine Tang and her husband Gordon Tang has been further extended to 5.30 pm on Feb 16.

LTA said on Monday that the contract has been awarded to CES_SDC-Chip Eng Seng Contractors (1988) joint venture.

Companies & Markets

Chip Eng Seng subsidiaries win S$562m Cross-Island Line-Punggol Extension contract

Celine Tang (above) and her husband Gordon Tang launched the offer under the vehicle Tang Dynasty Treasure.

Companies & Markets

Closure date for Chip Eng Seng offer extended to Feb 2

THE closing date for the mandatory cash offer of property player Chip Eng Seng by its chairman Celine Tang and her husband Gordon Tang has been extended from Thursday (Jan 19) to Feb 2.

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