Following the review, certain subsidiaries from TSC will be carved out to form a new engineering arm dubbed Tiong Seng Engineering Solutions (TSES) which will help management sharpen its focus and allocate resources towards the specialised subsidiaries.
SINGAPORE (Dec 10): Following a strategic review of its various businesses, Tiong Seng Holdings says it will carve out a new engineering solutions arm and reorganise its management structure.
At present, Tiong Seng operates two main subsidiaries. These are construction unit Tiong Seng Contractors (TSC) and property development arm Chang De Investments (CDI). The other subsidiaries include Robin Village Development, Robin Village International and Steeltech Industries.
