Chandra Asri Group Acquires Nearly 12% Stake in Hiap Seng Industries; Shares Surge 75%

MT Newswires

07/23

Chandra Asri Group acquired a 11.9% stake in Hiap Seng Industries (SGX:1L2), according to a filing with the Singapore Exchange on Wednesday.

Chandra Asri is a provider of energy, chemical and infrastructure solutions.

Shares of the steelwork fabrication services provider soared over 75% in recent trading.

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