Sinopipe Holdings, which has been deemed a cash company owing to the disposal of all its operating subsidiaries several years ago, may no longer be considered so going forward.

This comes as the China-based company has proposed to fully acquire Ten-League Engineering & Technology.

The latter is a heavy equipment engineering solutions provider that serves primarily in the construction and foundation industries.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook