Key Developments: Chip Eng Seng Corporation Ltd (CESE.SI)

CESE.SI on Stock Exchange of Singapore

0.88SGD
26 Nov 2014
Price Change (% chg)

$-0.01 (-1.68%)
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Latest Key Developments (Source: Significant Developments)

Chip Eng Seng Corporation Ltd's CESC secures contract
Monday, 3 Nov 2014 04:19am EST 

Chip Eng Seng Corporation Ltd:Company’s wholly owned subsidiary, Chip Eng Seng Contractors (1988) Pte Ltd (CESC) has been awarded S$232.8 mln contract by the Housing & Development Board (HDB).Says for the construction works at Woodlands Neighbourhood 1 Contract 26 And Contract 27.Contract comprises the construction of 9 blocks of residential buildings and other community facilities.The construction period is about 42 months.  Full Article

Chip Eng Seng Corporation Ltd proposes issue of S$150,000,000 4.25 pct fixed rate notes due 2017
Friday, 17 Oct 2014 05:23am EDT 

Chip Eng Seng Corporation Ltd:Says S$150,000,000 4.25 pct fixed rate notes due 2017 issued under Chip Eng Seng Corporation Ltd's S$500,000,000 multicurrency debt issuance programme.Announces that further to company’s announcement dated Oct. 9 in relation to its proposed issue of S$150,000,000 4.25 pct fixed rate notes due 2017 under programme, notes have been issued today.Says DBS Bank Ltd. was appointed as sole global coordinator, and DBS Bank Ltd. and Standard Chartered Bank were appointed as joint lead managers and joint bookrunners for notes.Notes bear interest at rate of 4.25 pct per annum payable semi-annually in arrear.Approval in-principle has been granted by Singapore Exchange Securities Trading Limited (the SGXST) for listing and quotation of Notes on the SGX-ST.Admission to official list of SGXST and quotation of notes on SGX-ST are not to be taken as an indication of the merits of company, its subsidiaries, its associated companies (if any), programme or notes.Net proceeds arising from issue of notes, after deduction of issue expenses, will be used for general corporate purposes of company and its subsidiaries (the Group), including financing investments and for general working capital purposes of Group.  Full Article

Chip Eng Seng Corporation Ltd's subsidiaries incorporates venture company
Friday, 15 Aug 2014 05:20am EDT 

Chip Eng Seng Corporation Ltd:Company’s wholly owned subsidiary, CEL Development Pte. Ltd. and Unique Residence Pte Ltd have incorporated joint venture company, Fernvale Development Pte. Ltd. (FD).SAys principal activity of FD is that of property developer for the land parcel at Fernvale Road.  Full Article

Chip Eng Seng Corporation Ltd's subsidiary gets HDB contract for building works at Sembawang
Monday, 2 Jun 2014 05:28am EDT 

Chip Eng Seng Corporation Ltd:Says a subsidiary, Chip Eng Seng Contractors (1988) Pte Ltd (CES) has secured a S$165 million contract from the Housing & Development Board (HDB) for construction works at Sembawang Neighbourhood 1 Contract 10.  Full Article

Chip Eng Seng Corporation Ltd incorporate two new subsidiaries and purchase land
Thursday, 24 Apr 2014 05:56am EDT 

Chip Eng Seng Corporation Ltd:Incorporates two wholly owned subsidiaries,CEL Property (M) Pte. Ltd. (CEL Property) in Singapore and CEL Malacca Sdn. Bhd. (CEL Malacca) in Malaysia.CEL Malacca is a wholly owned subsidiary of CEL Property and it has entered into an agreement to purchase two pieces of leasehold land in Malacca City.Purchase price is 19,000,000 ringgit.  Full Article

Chip Eng Seng Corporation Ltd declares dividend
Thursday, 20 Feb 2014 04:51am EST 

Chip Eng Seng Corporation Ltd:Pays first and final dividend of 4.0 Singapore cents for each ordinary share.  Full Article

Chip Eng Seng Corporation Ltd announces incorporation of subsidiary and purchase of a freehold property at Melbourn
Tuesday, 10 Dec 2013 04:34am EST 

Chip Eng Seng Corporation Ltd:Says it has incorporated a wholly owned subsidiary, CES Properties (Aus) Pty Ltd (CES Properties) in Australia.Says CES Properties has entered into an agreement to purchase a fully tenanted freehold office building located at 420 St Kilda Road, Melbourne with a land area of 2,286 square metres.Says the purchase price is A$45,280,000 and the legal completion for the purchase is in March 2014.Says purchase price will be financed by internal sources and bank borrowings.  Full Article

Chip Eng Seng Corporation Ltd announces purchase of development site at corner of Williamsons Road and Henry Street
Tuesday, 26 Nov 2013 04:18am EST 

Chip Eng Seng Corporation Ltd:Says the Group’s wholly owned subsidiary, CES Glenelg Pty Ltd, incorporated in Australia, has entered into three contracts of Sale.Says the contract is to purchase a former nursery and orchard site comprises 154-166 Williamsons Road, 5-17 Henry Street & 59 Margot Avenue, Doncaster, Victoria, Australia.Says the purchase price of the Property is A$19,280,000.Says legal completion for the purchase is May 2014.Says purchase price and the proposed development will be financed by internal sources and bank borrowings.  Full Article

Chip Eng Seng Corporation Ltd Declares No Dividend
Tuesday, 5 Nov 2013 05:23am EST 

Chip Eng Seng Corporation Ltd announced that no dividend has been declared/recommended for the current financial period ended September 30, 2013.  Full Article

Chip Eng Seng Corporation Ltd Announces Establishment of SGD500,000,000 Multicurrency Debt Issuance Programme
Friday, 18 Oct 2013 05:47am EDT 

Chip Eng Seng Corporation Ltd announced that the Company has established a SGD500,000,000 Multicurrency Debt Issuance Programme and that in connection therewith, DBS Bank Ltd. has been appointed to act as the arranger and the dealer of the Programme. Under the Programme, the Issuer may from time to time issue Notes and/or Perpetual Securities in Singapore dollars or any other currency as may be agreed between the relevant dealers of the Programme and the Issuer. Securities may be issued in various amounts and tenors, and may bear interest at a fixed, floating, variable or hybrid rate or may not bear interest as may be agreed between the Issuer and the relevant dealers. The net proceeds arising from the issue of the Securities under the Programme (after deducting issue expenses) will be used for general corporate purposes of the Company and its subsidiaries, including refinancing the existing borrowings, financing the investments and for the general working capital of the Company and its subsidiaries.  Full Article

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