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  • STI Straits Times Index
    3,126.1
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  • Volume: 634.0M
  • Value: 905.2M
  • Rise: 115
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  • Unch: 536

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Time Name Type Price Vol
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Name Last Change
Rex Intl0.088-0.003
Golden Agri-Res0.210-
Mapletree Com Tr2.380+0.040
YZJ Shipbldg SGD0.950-0.020
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Ascendas Reit3.130-0.040
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SunMoonFood^0.054-0.002

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World Indices
Name Last Change
Nasdaq 8,156.9 +32.7
HSI 26,848.5
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Nikkei 225 22,451.9
SSE Comp 2,977.3
Shanghai A 3,119.2
Shanghai B 267.2
PSE Comp 0.0
KOSPI 2,077.9

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News - Detailed News Story

Suntec Reit

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SingHaiyi

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Chip Eng Seng

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Securities watchdog looking into billionaire couple's purchase of Chip Eng Seng shares

19 Sep 2019 09:00

By Marissa Lee

THE Securities Industries Council (SIC), which administers Singapore's takeover code, is looking into the circumstances that saw billionaire couple Celine and Gordon Tang emerge as substantial shareholders of Chip Eng Seng in October last year.

"The SIC is looking into the acquisition of shares in the company in October 2018 by the relevant parties," the council said on Tuesday in response to queries from The Business Times.

"As our enquiry is on-going, we are not able to comment further at this point."

The Tangs forked out S$201 million to become Chip Eng Seng's largest shareholders last October, through married deals with members of Chip Eng Seng's controlling Lim family that were done at a premium to the market price.


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Source: Business Times
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