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Soilbuild Construction takes 70% stake in CS Corp

PC Lee Published on Tue, Jun 13, 2017 / 7:38 AM GMT+8

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SINGAPORE (June 12): Soilbuild Construction is stepping up its investment in new construction technology PPVC (prefabricated prefinished volumetric construction).

Wholly owned subsidiary, SB Project Services, has entered into a share subscription and shareholders’ agreement with CS Corp (CSC) and its existing shareholders, Hiew Ching Yong and Swanhoff Pte. Ltd., to subscribe for a 70% stake in CSC.

CSC is a company incorporated in Singapore and in the business of PPVC. It has developed a Concrete PPVC System – the CSVC System (2016) – which has been granted in-principle acceptance for use in building projects in Singapore, by the Building and Construction Authority (BCA) through the Building Innovation Panel.

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Soilbuild Construction takes 70% stake in CS Corp