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Vibrant Group Ltd ( (SG:BIP) ) has shared an update.
Hiap Seng Industries Limited has announced that Chandra Asri Group has acquired an 11.9% stake in the company, marking Chandra Asri as a substantial shareholder. This development is seen as an opportunity for 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 Vibrant Group Ltd
Hiap Seng Industries Limited operates in the engineering and construction industry, providing services primarily in the oil and gas sector. The company focuses on delivering engineering, procurement, and construction services to clients in both domestic and international markets.
Average Trading Volume: 171,187
Technical Sentiment Signal: Buy
Current Market Cap: S$72.71M
Learn more about BIP stock on TipRanks’ Stock Analysis page.