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Chandra Asri Trading acquires more shares in Hiap Seng

PRIVATEOct 04, 2026

Acquiring Company

Chandra Asri Group

Acquired Company

Hiap Seng Industries

IndonesiaSingaporeEnergyOil And GasRenewable EnergyConstructionBuilding Maintenance

Description

Chandra Asri Trading Company has increased its stake in Hiap Seng Industries to 16.18% by acquiring 250.63 million shares for S$2.76 million. This acquisition boosts its previous holding from 11.01%. The shares acquired were from Tian Yuan, now ceasing to be a substantial shareholder. This strategic move reflects Chandra Asri's commitment to strengthening its position in the market.

Company Information

Company

Chandra Asri Group

Location

Indonesia

About

Chandra Asri Group is a leading integrated petrochemical company in Indonesia, focusing on energy and chemicals production. With a commitment to benefit Indonesia, the company aims to contribute to the development of the domestic industry and Indonesian economic growth through strategic acquisitions and partnerships.

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Frequently asked

Who acquired Hiap Seng Industries?

Hiap Seng Industries was acquired by Chandra Asri Group, based in Indonesia. The deal was reported on October 4, 2026. Chandra Asri Group is a leading integrated petrochemical company in Indonesia, focusing on energy and chemicals production. Chandra Asri Group is privately held and operates in Energy.

When did Chandra Asri Group acquire Hiap Seng Industries?

Chandra Asri Group's acquisition of Hiap Seng Industries was reported on October 4, 2026. Chandra Asri Trading Company has increased its stake in Hiap Seng Industries to 16.18% by acquiring 250.63 million shares for S$2.76 million. This acquisition boosts its previous holding from 11.01%. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Hiap Seng Industries do?

Hiap Seng Industries is a leading investment holding company based in Singapore. It operates in various sectors, including construction and engineering services. The company focuses on delivering quality services and solutions to its clients. It is privately held, operating in Construction, and is based in Singapore.

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