Billionaire couple Gordon and Celine Tang are significant shareholders in both CES and SingHaiyi, currently holding 36% and 65% of the respective company shares. Celine Tang is also the non-executive chairman of CES and managing director of SingHaiyi.
Chip Eng Seng Corporation (CES), along with SingHaiyi Group and a company associated with Hong Kong-listed Chuan Holdings, has won a joint tender for the enbloc acquisition of Maxwell House for $276.8 million.
The tender was jointly submitted by CES’ subsidiary CEL Development (CEL), SingHaiyi’s subsidiary SingHaiyi Investments (SHIPL) and Chuan Investments (CIPL).
