Singapore

ENGINEERING solutions firm Ellipsiz and the family that controls construction firm Lum Chang Holdings will make an offer for the remaining 57.3 per cent of the latter's shares at S$0.38 apiece, while keeping it listed.

The mandatory conditional cash offer was triggered after Lum Chang managing director David Lum's firm, Beverian Holdings Pte Ltd, purchased a 0.2 per cent stake in Lum Chang at the highest price of S$0.37 per share on the open market on Tuesday.