The Business Times
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Extended deadline for Lian Beng to sell assets that compete with its unit SLB

Tay Peck Gek

Tay Peck Gek

Published Thu, Apr 4, 2019 · 09:50 PM

Singapore

CATALIST property player SLB Development has obtained regulatory approval for its controlling shareholder Lian Beng Group to be given a one-year extension to dispose of competing business in Australia and Singapore.

SLB in a regulatory filing on Thursday announced that unfavourable property market conditions Down Under and in the city-state have resulted in its parent company, Lian Beng, not being able to divest competing business by April this year. The deadline was a year from SLB's Catalist debut in April 2018.

lian bengslb development

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