Lian Beng exploring spin-off of property development business

Singapore

LIAN Beng Group said it is exploring a possible spin-off of its property development business to be listed on the Catalist Board of the Singapore Exchange.

It has appointed SAC Capital Private Limited as the financial advisor on the proposed spin-off, and the sponsor and issue manager for the proposed listing.

The construction contractor-cum-developer said it believes the proposed spin-off and listing will provide a transparent valuat…