SLB Development, which was listed on the Catalist board of the SGX in 2018, is a property developer involved in developing and selling residential, mixed-use, industrial and commercial development properties.
Shareholders of SLB Development have voted in favour of the takeover of the company by parent company Lian Beng on May 20, according to a bourse filing on the same date.
About 96.12% of shareholders voted in for the resolution, in which Lian Beng set out to take its subsidiary SLB Development private on Jan 24. Lian Beng, led by executive chairman Ong Pang Aik, offered 23 cents in cash per scheme share to shareholders.
