Celine and Gordon Tang to privatise Chip Eng Seng with acceptance crossing 90%

The privatization of Chip Eng Seng will go through, after the offerors secured 90.19% of the shares as at Feb 14.

With the 90% threshold crossed, the company’s chairman cum controlling shareholder Celine Tang, who is making the offer with her husband Gordon Tang, can now exercise their right to acquire the remaining shares.