Saturday, April 15, 2000

Listed on the main board of SGX, Chip Eng Seng Corporation Ltd

Listed on the main board of SGX, Chip Eng Seng Corporation Ltd is one of Singapore's leading construction companies. Its scope of business includes construction, property development and property investment. The Group’s construction arm, Chip Eng Seng Contractors (1988) Pte Ltd is a BCA A1 general building contractor that is eligible for public project tenders of unlimited value. Leveraging on its competencies in building methodology and project management, the group diversified into complementary area of property development in 2000. This business diversification strategy was initiated to broaden the Group's business scope and earnings.

The Group’s property development and investment arms are headed by CEL Development Pte Ltd (formerly known as Chip Eng Leong Enterprise Pte Ltd). It has since undertaken several development projects in Singapore and Australia, on its own and with its partners.

In 2006, Chip Eng Seng was awarded Winner for the "Most Transparent Company" under the construction category organised by Securities Investors Association of (Singapore). This is the third time that the Company is recognised for its unwavering commitment to corporate transparency. In 2005 and 2004, the Company was respectively the Runner-Up and Winner in this category.

The Group's construction arm, Chip Eng Seng Contractors (1988) Pte Ltd was also accorded the Housing & Development Board's Quality Award 2005 - a fitting testimony to the professional quality that the Group delivers for its construction undertakings.