Lian Beng last traded at 48.5 cents before a trading halt was called and this announcement was released.
The Ong family controlling construction firm Lian Beng Group is making a conditional offer at 50 cents per share, following the acquisition of additional shares via a married deal, which triggers a mandatory offer as required by Singapore company rules.
Earlier today, via the vehicle Ong Sek Chong & Sons Pte Ltd, the Ongs bought 5.85 million shares, or 1.17% of the company, via a married deal.
