Corporate digest

Lereno Bio-Chem

CASH company Lereno Bio-Chem Ltd could be transformed into a Malaysian property developer if a planned reverse takeover (RTO) comes to fruition. The firm is planning to buy Malaysian property developer Majubina Projects for S$50 million, which will be fulfilled by the issuance of new shares in Lereno. Majubina Projects is part of the SMD group which is involved in civil and structural works, interior fit-out, commodities trading, quarry operations, gold mining and property development.

YCH Indonesia