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Hiap Seng Industries Limited ( (SG:1L2) ) has shared an update.
Hiap Seng Industries Limited has announced that Chandra Asri Group has become a substantial shareholder by acquiring an 11.9% stake in the company. Chandra Asri is a prominent provider of energy, chemical, and infrastructure solutions in Southeast Asia, with significant assets in the region. This development is seen as an opportunity for Hiap Seng to explore strategic collaborations that could enhance long-term value for stakeholders. The partnership is expected to strengthen Hiap Seng’s foundation and position it for future growth, particularly in maritime and engineering sectors in Singapore and the region.
More about Hiap Seng Industries Limited
Average Trading Volume: 332,152,900
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