Ching Chiat Kwong

Oxley's Ching raises his stake in UE to 16%
SINGAPORE (Mar 2): Oxley Holdings has raised its stake in United Engineers (UE) to 16% from 15.94%. This follows the acquisition of some 381,700 shares in the open market for $984.2 million on Wednesday. Oxley's chief executive Ching Chiat Kwong and deputy CEO Low See Ching hold stakes of 42.73% and 28.67% in Oxley Holdings. Ching is now deemed to have a 16% interest in UE shares ...
Artivision Technologies in reverse takeover of e-payment solutions provider for at least $80 mil
SINGAPORE (Oct 31): Artivision Technologies is transforming itself into an electronic payment solutions provider. The company has signed a conditional and non-binding Heads of Agreement (HOA) to acquire 100% stake in Mobile Credit Payment or MC Payment for a total consideration of not less than $80 million. If completed, the proposed acquisition will result in a Reverse Takeover (RTO) of ...
Oxley raises nearly $13 mil from treasury shares sale to 34 investors
SINGAPORE (Oct 17): Property developer Oxley Holdings managed to raise more than $12 million from the sale of treasury shares to 34 investors for working capital purposes. Approximately 22.7 million treasury shares in total were sold for $13.4 million. The placement shares represent about 0.77% of Oxley's issued share capital. The placement price represented an 8.3% discount to the volume ...
Oxley's foreign properties underpin earnings as it readies local portfolio for the future
SINGAPORE (Sept 24): Ching Chiat Kwong, executive chairman and CEO of Oxley Holdings was in a jovial mood when journalists from The Edge Singapore caught up with him on a rainy Friday evening recently. From a larger-than-average figure, Ching has slimmed down somewhat. He attributes his new-found fitness to planks, which help greatly in building core muscle strength. “I do the sideways plank as ...
Oxley raises stake in UE to 10.43% despite saying no counter bid
SINGAPORE (Aug 17): CEO Ching Chiat Kwong of Oxley Holdings has continued scooping up shares of United Engineers despite saying he does not plan to make a competing offer. See: Oxley acquires 7.11% stake in United Engineers but will not be making competing offer UE is in the midst of a takeover bid by a consortium led by Perennial Real Estate Holdings and Yanlord Land Group. In a ...
OUE launches mandatory unconditional cash offer for International Healthway Corp at 10.6 cents per share
SINGAPORE (Feb 16): OUE, the property and hotel group controlled by Indonesia's Riady family, is launching a mandatory unconditional cash offer for International Healthway Corporation (IHC). Catalist-listed IHC is an integrated healthcare services and facilities provider that owns 12 nursing homes in Japan and two hospitals in China, and is developing an integrated medical centre in ...
Oxley grants IHC convertible loan facility of up to $50 mil
SINGAPORE (Feb 10): Property developer Oxley Holdings, together with CEO Ching Chiat Kwong and deputy CEO Low Chee Sing, have entered into an agreement to grant a convertible loan facility to medical group International Healthway Corporation (IHC) for the aggregate amount of up to $50 million. The latest agreement follows a January extraordinary general meeting (EGM) requisitioned by ...
IHC updates on deleted emails, proposed convertible loans and demands from claimants
SINGAPORE (Feb 8): International Healthway Corp says a police report has been filed after 4.5 GB of emails were found to be deleted from the account of Lim Beng Choo, who was ousted as executive director. (See also: Keeping up with the drama at International Healthway Corp) (See also: International Healthway Corp shareholders successfully oust four directors at EGM) (See also: IHC warns ...
Oxley posts 163% rise in 2Q earnings
SINGAPORE (Jan 20): Second quarter earnings for homegrown property developer Oxley more than doubled to $123.8 million, or 4.23 cents per share, from $47 million a year ago, on higher sales. Revenue in the three months to Dec more than trebled to $605.7 million mainly due to recognition of revenue from Oxley Tower upon its completion and the handover of certain plots in The Royal Wharf (Phase ...
Oxley launches development of first project in Ireland
SINGAPORE (Oct 7): Oxley Holdings on Thursday announced it is starting the development of its first project in Ireland, in what is its second venture outside of Asia after Royal Wharf in London. The new docklands development, dubbed Dublin Landings, will be jointly developed by Oxley and Ballymore Group, one of the largest private-owned property groups in Europe. Oxley secured the ...