Chip Eng Seng Corporation Ltd (SGX:C29) entered into a non-binding letter of intent to acquire LGB Corporation Pte Ltd from Chia Lee Meng Raymond and others on January 28, 2016. Chia Lee Meng Raymond has been appointed as Director and Chief Executive Officer of Chip Eng Seng and Hoon Tai Meng, the current Group Chief Executive Officer will now serve as Executive Director of Chip Eng Seng. The acquisition is subject to satisfactory financial, tax, legal and commercial due diligence. Chip Eng Seng Corporation Ltd (SGX:C29) cancelled the acquisition of LGB Corporation Pte Ltd from Chia Lee Meng Raymond and others on January 28, 2017.