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Chip Eng Seng
17-11-2018, 12:33 PM.
Post: #1091
RE: Chip Eng Seng
(13-10-2018, 12:36 PM)weijian Wrote: Miss Tang is now chairwoman of CES. With 2 ex-insiders exiting after selling out, she puts in her capable subordinate at OKH as an independent director - Simply great since it seems it follows SGX rules since both OKH and the entity that bought out the founders are different legal entities. Prof Mak will be jumping up and down again.

new ID:

Miss Tang is now chairwoman:

Companies like Japan Foods that aspire to go beyond minimum rules are the exception. I more often observe companies approaching the Code like Asian Micro and Chip Eng Seng.  Asian Micro recently re-designated the nephew of the executive chairman, whose wife is the controlling shareholder, from a non-independent non-executive director to an independent director, citing the reasons that he is not deemed as an immediate family member under the Code and that “his familial relationship does not interfere, or be reasonably perceived to interfere, with the exercise of his independent business judgement with a view to the best interests of the company”. At Chip Eng Seng, a new independent director who was appointed following the change in controlling shareholders is the executive director and CEO of another listed company with the same controlling shareholders – again, this is in compliance with the letter of the Code but arguably not in spirit.

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05-01-2019, 10:57 AM.
Post: #1092
RE: Chip Eng Seng

Opening of their inaugural pre school at Alexandra Central.


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15-01-2019, 07:51 PM.
Post: #1093
RE: Chip Eng Seng
Provisional Tender Result for Land Parcel at Kampong java Road for Residential Development

Chip Eng Seng Corporation Ltd announced that the Company’s wholly-owned subsidiary, CELH Development Pte. Ltd. ("CELH"), has emerged as the top bidder for a land parcel at Kampong Java Road (the "Site").

On 15 January 2019, CELH had submitted a tender to the Urban Redevelopment Authority to acquire the Site at a tender price of S$418,380,000. The Site has a lease term of 99 years comprising approximately 11,643.3 square metres of land area with a maximum permissible gross floor area of approximately 32,602 square metres. The allowable development is residential, and the Company intends to develop the Site into a condominium project, with approximately 380 units.

The Company will make a further announcement once the Site is officially awarded to CELH.
Specuvestor: Asset - Business - Structure.
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16-01-2019, 09:22 AM.
Post: #1094
RE: Chip Eng Seng
S$418.38 MILLIONS / 380 UNITS = 1.1 MILLIONS / UNIT lower bound price

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