Chip Eng Seng

Celine and Gordon Tang to privatise Chip Eng Seng with acceptance crossing 90% - THE EDGE SINGAPORE

Offer

Celine and Gordon Tang to privatise Chip Eng Seng with acceptance crossing 90%

The Tangs can now exercise their right to acquire the remaining shares

Results

Chip Eng Seng says it expects to report a net loss for 2HFY2022 in profit guidance

The company expects to report an overall net profit for its FY2022.

Contracts

Chip Eng Seng secures $173 mil contract by HDB

The construction period, which spans 48 months, is expected to commence end-June.

Contracts

Chip Eng Seng secures $98.7 mil HDB contract for building works in Tampines

SINGAPORE (Mar 2): Mainboard-listed developer Chip Eng Seng, through its wholly-owned subsidiary Chip Eng Seng Contractors, has bagged a contract worth $98.7 million from the Housing and Development Board (HDB). 

Equity raising

Chip Eng Seng in rights issue to raise $96 mil for expansion

SINGAPORE (Aug 23): Property developer Chip Eng Seng is proposing to undertake a renounceable underwritten rights issue to raise some $98.7 million for its expansion plans.

Company in the news

Chip Eng Seng to develop Hyatt Regency Hotel in Adelaide

SINGAPORE (Aug 2): Chip Eng Seng has announced that its newly-acquired property at 51 Pirie Street in Adelaide, Australia will be developed into a new Hyatt Regency. 

Results

Chip Eng Seng 2Q earnings down 67% to $4 mil; acquires Aussie childcare centre

SINGAPORE (Aug 1): Property and education group Chip Eng Seng reported 2Q19 earnings ended June of $3.9 million, down 67.4% from $12.2 million in 2Q18 on lower sales and higher expenses.
Chip Eng Seng awarded $418.4 mil tender for Kampong Java site

Property

Chip Eng Seng awarded $418.4 mil tender for Kampong Java site

SINGAPORE (Jan 22): Chip Eng Seng Corporation announced that its wholly-owned subsidiary, CELH Development, has been awarded the tender for the land parcel at Kampoing Java Road at a tender price of $418.38 million by the Urban Redevelopment Authority (UR

Property

Chip Eng Seng acquires Adelaide property for $14.6 mil in IPT to redevelop into hotel

SINGAPORE (July 2): Chip Eng Seng says that its newly incorporated wholly-owned subsidiary is acquiring a property located at 51 Pirie Street in Adelaide, Australia for A$14.5 million ($14.6 million).

M&A

Chip Eng Seng to acquire up to 75% stake in US education consulting firm

SINGAPORE (May 21): Chip Eng Seng (CES) is planning to acquire up to 75% in Pennsylvania-based American Scholar Group (ASG) for US$1.5 million ($2 million).  
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