The company last updated about the "possible transaction" on Oct 7, following the announcement back in Sept 7.
In a second update announcement, Chip Eng Seng Corp says that its controlling shareholder Celine Tang, non-executive chairman, is in discussions with regard to the "possible transaction" involving the company’s shares.
"The board wishes to update the shareholders of the company that as of the date of this announcement, the Company understands from Mrs Celine Tang that discussions on the possible
transaction are still ongoing and there is no certainty that a definitive transaction involving the shares will materialise," says Chip Eng Seng on Nov 7.
