Business briefing

Lian Beng unit wins tender for Leng Kee Rd property

DEVELOPER Lian Beng Group announced yesterday that its 80 per cent owned subsidiary, Wealth Assets, has been awarded the tender for the purchase of a property along Leng Kee Road and Alexandra Road for $46.2 million. This is subject to the HDB's approval. The group will finance its share of the acquisition cost by internal funds and/or bank borrowings.

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