Chip Eng Seng: Stake sales completed and Celine Tang now a substantial shareholder

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Chip Eng Seng said on Monday the sales of nearly 30 percent of its issued shares were completed, with Celine Tang now a substantial shareholder.

Celine Tang now holds 26.98 percent of Chip Eng Seng’s shares directly, in concert with her husband Gordon Tang, and holds a deemed stake of 2.75 percent, via shares held by Senz Holdings, a company in which Celine Tang is a director, it said in a filing to SGX after the market close on Monday.

After the shares sales’ completion Lim Tiam Seng no longer holds a direct or deemed stake in the company, down from a 9.66 percent direct stake and a 2.75 percent deemed interest, held by his wife, Kwek Lee Keow, it said. Kwek Lee Keow no longer holds either a direct or a deemed stake, it said.

Before the sale, Lim Sock Joo had a 3.15 percent direct interest and a 1.78 percent deemed interest, comprising the 11.125 million shares held by her husband, company CEO and Executive Chairman Chia Lee Meng Raymond, it said. After the sale, she has a 1.55 percent direct stake and a 1.78 percent deemed interest, it said.

Dawn Lim Sock Kiang holds a 0.38 percent direct stake in Chip Eng Seng after the sale, down from a 2.46 percent holding before the sale, it said.

Lim Tian Moh no longer holds a stake, down from a 3.07 percent holding before the sale, it said.

Lim Tiang Chuan also no longer holds a stake, down from a 7.06 percent direct stake before the deal, it said.

Lim Tian Back also sold a 3.51 percent stake and no longer has a holding in the company, it said.

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