Chip Eng Seng mulls spin-off listing of its construction business
As part of the group’s restructuring drive.
Chip Eng Seng is proposing a spin-off listing of its construction subsidiary as part of the group's restructuring drive.
The company has appointed United Overseas Bank as its financial adviser for the proposed listing.
The proposed spin-off listing is still in its preliminary stages and is dependent on regulatory approval as well as prevailing market conditions.