OKH Global Completes Acquisition of Chip Eng Seng Construction

Trading View
2025.05.01 02:36
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OKH Global completed the acquisition of Chip Eng Seng Construction, according to a Wednesday filing with the Singapore Exchange. In an earlier filing, the company had entered into a conditional sale and purchase agreement to acquire the entire share capital of Acrophyte unit, Chip Eng Seng Construction, for around SG$118.5 million. The acquisition was carried out through the issuance of new shares in the company at an issue price of SG$0.05252 per share. Shares of the integrated property developer were down over 2% in recent trading.

OKH Global completed the acquisition of Chip Eng Seng Construction, according to a Wednesday filing with the Singapore Exchange.

In an earlier filing, the company had entered into a conditional sale and purchase agreement to acquire the entire share capital of Acrophyte unit, Chip Eng Seng Construction, for around SG$118.5 million.

The acquisition was carried out through the issuance of new shares in the company at an issue price of SG$0.05252 per share.

Shares of the integrated property developer were down over 2% in recent trading.

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