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OKH Global to acquire Chip Eng Seng Construction for $118.5 mil

Ashley Lo
Ashley Lo • 2 min read
OKH Global to acquire Chip Eng Seng Construction for $118.5 mil
The acquisition is set to be satisfied through the issuance of new shares in OKH Global at an issue price of 5.252 cents per share.
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OKH Global has entered into a sale and purchase agreement to acquire the entire issued and paid-up share capital of Chip Eng Seng Construction, the construction business of Acrophyte. 

Chip Eng Seng Construction is part of Chip Eng Seng Corp, which has been renamed Acrophyte after it was privatised.

Gordon and Celine Tang are controlling shareholders of both OKH and Acrophyte. 

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