Lian Beng Group subsidiary sells Emerald Land stake

LB Land said continued investment in Emerald will increase the risk exposure of the Group amidst slow sales.

The Board of Directors of Lian Beng Group Ltd announced that LB Land Pte Ltd, a 67% owned subsidiary of the company, had on 13 September 2012 entered into a sale and purchase agreement with Pallas 28 Investments Limited.

The SPA is for the disposal of LB Land's entire interest of 150,000 ordinary shares and 7,870,506 preference shares in the capital of Emerald Land Pte Ltd and the shareholders’ loans amounting to S$6,484,311.40, for an aggregate consideration of S$16,983,876.40.

Emerald is principally engaged in the business of property development and is the developer of the residential development at 111 Emerald Hill, Singapore.

The announcement said the sale of units in 111 Emerald Hill by Emerald has been slow. It further noted that the disposal will allow the Group to recover its investment.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia