Lum Chang now holds 80% in LCI, with the remaining under Lim Thiam Hooi, who is also the managing director and co-founder of LCI.
Construction firm Lum Chang Holdings (SGX:L19
) plans to spin off its interior decoration subsidiary Lum Chang Interior (LCI) for its own separate listing on the Singapore Exchange (SGX:S68) .
In a filing to the exchange, Lum Chang says it may then undergo a distribution in specie of LCI shares to Lum Chang shareholders.
