PRE 13 holds a 50% effective stake in 8 Shenton Way.
Chip Eng Seng, on April 5, announced that it has proposed to acquire a minority interest in the property at 8 Shenton Way (the former AXA Tower).
On April 4, Chip Eng Seng’s wholly-owned subsidiary, CEL Shenton, entered into a share purchase agreement (SPA) with Kuok (Singapore), Shenton Circle, Imagine Properties, PE One and Huatland Development (collectively the sellers) to acquire 21.0% of the issued share capital in PRE 13 for a consideration of $2.13 million.
