OKH Global (SGX:S3N) completed the acquisition of Chip Eng Seng Construction, according to a Wednesday filing with the Singapore Exchange.
In an earlier filing, the company had entered into a conditional sale and purchase agreement to acquire the entire share capital of Acrophyte unit, Chip Eng Seng Construction, for around SG$118.5 million.
The acquisition was carried out through the issuance of new shares in the company at an issue price of SG$0.05252 per share.
Shares of the integrated property developer were down over 2% in recent trading.
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