CEL Development now owns entire Grange Properties

Shareholding was increased from the original 25% to 100%.

The Board of Directors of Chip Eng Seng Corporation Ltd announced that the company’s wholly-owned subsidiary CEL Development Pte. Ltd. has increased its shareholding in Grange Properties Pte. Ltd.

GP was 25:75 owned by CEL and Asdew Acquisitions Pte Ltd respectively, to jointly develop a residential development, Grange Infinite, located at No. 27 and 29 Grange Road. The development of Grange Infinite was completed in 2011 and all units had been sold.

Pursuant to a Sale and Purchase Agreement, AA sold to CEL its entire 5,052,954 issued and paid up share capital of GP at a consideration of $14.85 million.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia