lian beng

SLB Development shareholders okay privatisation offer from Lian Beng’s Ong family

Shareholders who make up 96.1% of the total present and voting give the nod for the deal

After the market closed on Jan 24, Lian Beng announced that its board of directors has proposed to acquire and privatise SLB Development via a scheme of arrangement.
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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

Ong Pang Aik, chairman of Lian Beng Group owns 51 per cent of shares in OSC Capital, Lian Beng's sole shareholder.

Lian Beng’s Ong family offers to privatise SLB Development at S$0.23 per share

Offer comes after the family privatised Lian Beng in 2023, and it subsequently delisted in August that year 

Lian Beng clarifies pay of key execs is based on overall group performance

Lian Beng clarifies pay of key execs is based on overall group performance

BUILDING contractor Lian Beng Group said its key executives were paid more for FY2021 ended May due to the group's overall improvement in profitability.

Lian Beng will be delisted from the Singapore Exchange at a date and time to be announced by the company.

Lian Beng’s controlling family exercises right of compulsory acquisition

MAINBOARD-LISTED Lian Beng’s controlling Ong family, through investment holding company OSC Capital, on Monday (Aug 21) exercised its right to compulsorily acquire all shares of the construction and e...

SLB Development made the news in 2020 with its purchase of Thye Hong Centre along Leng Kee Road. Lian Beng said the move by SLB was aimed at replenishing is land bank.

Lian Beng warns of lower FY2023 profits on unit’s expected losses

CONSTRUCTION and engineering company Lian Beng is expected to report lower profits for the full year ended May 31, as its subsidiary is expected to record a loss for the second half of its fiscal year...

Ong Pang Aik is chairman and managing director of Lian Beng; Lian Beng’s controlling Ong family, through investment holding company OSC Capital, has in April made a voluntary unconditional cash offer to buy out minority shareholders.

Lian Beng loses free float, trading to be suspended at close of privatisation offer on Jul 7

CONSTRUCTION and engineering company Lian Beng no longer meets the free float requirement of the Singapore Exchange (SGX), now that the percentage of its shares held by the public is less than 10 per ...

 Lian Beng has one more week to gather enough acceptances to cross the 90 per cent threshold and compulsorily acquire the remaining shares in the company and take it private.

Closing date for Lian Beng offer extended to Jul 7

THE closing date for the offer to take construction and engineering company Lian Beng private at S$0.68 per share has been extended further to 5.30 pm on Jul 7, from Friday (Jun 30).

Ong Pang Aik, chairman and managing director of Lian Beng. The offer to take the company private is now extended to Jun 30.

Closing date for Lian Beng offer extended again to Jun 30

THE closing date for the offer to take construction and engineering company Lian Beng private at S$0.68 a share has been extended further to 5.30 pm on Jun 30, from Friday (Jun 9).

Offeror OSC Capital, the investment vehicle of the company’s controlling Ong family, is 51 per cent owned by Lian Beng’s chairman, Ong Pang Aik (above).

Closing date for Lian Beng privatisation offer extended

THE closing date for the offer to take Lian Beng private has been extended to Jun 9, 2023. It was initially due to close at 5.30 pm on Friday (May 26).