SLB Development jumps 33% after S$0.23-per-share privatisation offer from Lian Beng’s Ong family
The offer comes amid the low trading volume of the company’s shares
SHARES of property player SLB Development surged on Monday (Jan 27) morning, after it announced last week that it had received a privatisation offer from Lian Beng’s Ong family.
The counter was up 30.2 per cent or S$0.051 at S$0.22 after its trading halt was lifted at 9.20 am. SLB had called for a trading halt on Jan 22, pending the privatisation announcement.
By 9.51 am, the counter rose even further, gaining 33.1 per cent or S$0.056 at S$0.225, after 181,500 shares changed hands. The last time it traded at such levels was in 2018.
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