SLB Development is a property developer that was listed on the Catalist board of the SGX on April 20, 2018. Its main activities include developing and selling residential, mixed-use, industrial and commercial development properties.
Lian Beng Group announced that it is offering 23 cents in cash per scheme share to shareholders in a bid to take its subsidiary SLB Development private on Jan 24.
This news comes more than a year after Lian Beng completed its privatisation in 2023 by the Ong family. It officially delisted from the Mainboard of the Singapore Exchange (SGX:S68
) (SGX) on Aug 28, 2023.
