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Lian Beng buys 5.03% of Centurion for $21.7m

It calls acquisition a strategic investment in a property asset- related company

CONSTRUCTION-LINKED Lian Beng Group yesterday bought a 5.026 per cent stake in Centurion Corporation for $21.7 million, forging a closer relationship with the dormitory provider.

Lian Beng became a substantial shareholder through the purchase of 38 million Centurion shares at 57 cents...

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