The consideration sum is to be done via telegraphic transfer for value or by cashier’s order on the date of completion of the disposal.
Boustead Singapore has, on Dec 30, entered into a sale and purchase agreement with Chip Eng Seng Construction for the sale of its entire stake in its wholly-owned subsidiary, Boustead Salcon Water Solutions.
Chip Eng Seng Construction, which is the wholly-owned subsidiary of Chip Eng Seng Corporation, bought 110,216,644 ordinary shares from Boustead Singapore for a consideration of $7.28 million.
