David Hsieng Loong Su entered into sale and purchase agreement to acquire a 29.41% stake in GRP Limited (SGX : BLU) from Kwan Chee Seng for SGD 21.2 million.

GRP Limited is a Singapore-based company that is engaged in the investment holding and rental of properties. The principal activities of the Company and its subsidiaries include property development, sales of hose and marine products, and sales of measuring instruments/metrology. The Company's segments include Hose & Marine, Measuring Instruments / Metrology, and Property. The Hose & Marine segment serves the onshore, offshore, marine, pharmaceutical, and petrochemical markets. This segment is engaged in engineering works and hose management services, such as the design and manufacture of hose fittings and couplings. The Measuring Instruments / Metrology segment is engaged in the trading and distribution of precision measuring instruments and equipment. The Property segment undertakes property development activities, such as acquiring and holding property-related assets and trading in properties. Its developments include Singapore Garden, University Town, and Tangshan, among others.