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Lian Beng buys $46.2m Leng Kee plot

Listed construction firm to enter car business via JV with parallel importer VinCar

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Published Fri, Apr 25, 2014 · 10:00 PM

Singapore

LISTED construction company Lian Beng Group has successfully bid $46.2 million for a property in the prime Leng Kee Road motor belt and is going into the automotive business.

The company has tied up with well-known parallel import company VinCar to form Wealth Assets Pte Ltd, a joint venture company which is 80 per cent owned by Lian Beng.

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