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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. 

Company Quote

0.0050 +0.59%
20 Oct 2014