SLB receives privatisation offer from Lian Beng

Lian Beng is offering $0.23 in cash per scheme share to shareholders.

Construction firm SLB Development Ltd. announced that it has received a privatisation offer from Lian Beng Group Pte. Ltd.

Lian Beng is offering to pay $0.23 in cash per scheme share to shareholders.

According to joint statement, the offer will help shareholders to ‘realise their investments at a premium without incurring brokerage fees’. It also said that the delisting will help the company ‘save on expenses and costs relating to the maintenance of a listed status and channel such resources to its business operations’.

Liang Beng previously underwent privatisation in 2023 when it was acquired by OSC Capital. 

In separate news, agri-food company Japfa received a privatisation offer from a special-purpose vehicle owned by family members of its founder.