slb development

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 

Hillhaven, which is located in District 23, has sold 59 out of 179 units on Saturday.

Hillhaven and Arcady, the first condo launches of 2024, off to slow start

TWO projects – Hillhaven in District 23, and freehold development The Arcady at Boon Keng in District 12 – kicked off the year’s private home launches over the weekend, with both off to a slow start, ...

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...

SLB expects 'significant' rise in H1 profit; parent Lian Beng still weighed by construction challenges

SLB expects 'significant' rise in H1 profit; parent Lian Beng still weighed by construction challenges

PROPERTY player SLB Development anticipates a "significant" year-on-year increase in net profit for H1 2022 ended November, the Catalist-listed company announced in a Thursday bourse filing.

Lian Beng's Ong family makes S$0.50 per share mandatory conditional cash offer following married deal

Lian Beng's Ong family makes S$0.50 per share mandatory conditional cash offer following married deal

ON Monday, the Ong family which controls civil engineering and construction group Lian Beng announced a mandatory conditional cash offer at 50 Singapore cents per share, following a married deal.

SLB Development H1 net profit stable year on year at S$5.54m

SLB Development H1 net profit stable year on year at S$5.54m

CATALIST-LISTED SLB Development's earnings held steady in the first half-year on profit contributions from its associates, according to unaudited results on Thursday.

SLB to seek shareholder ratification for Thye Hong Centre purchase

SLB to seek shareholder ratification for Thye Hong Centre purchase

SLB Development has completed its S$112.5 million acquisition of all the strata units and the common property in industrial building Thye Hong Centre at 2 Leng Kee Road.

SLB Development to acquire Thye Hong Centre for S$112.5m

SLB Development to acquire Thye Hong Centre for S$112.5m

PROPERTY developer SLB Development said on Thursday that it has entered into a sale and purchase agreement with Thye Hong Manufacturing for the acquisition of Thye Hong Centre at 2 Leng Kee Road, a fr...