As for Lian Beng, the acquisition is line with one of its core business activities in property investments.“The group views the proposed acquisition as a good opportunity to participate in a strategic investment of the property, where the group can derive rental returns which will be added to the ...

SLB Development has announced a couple of acquisitions of properties meant to give it more recurring income. The first is a pair of shophouses, 30 and 31 North Canal Road, for $14.38 million. The four-storey buildings have a total land area of 3,207.64 sq ft and a net lettable area of 11,464 sq ft. ...

SLB Development Ltd. announced today that in partnership with Weave Living, it will jointly acquire the 17 shophouses currently operating as Hotel Clover in Jalan Sultan for $74.8 million. Weave Living, with significant majority ownership, will be responsible for the redesigning and re-positioning o...

Homegrown building construction and property development company Lian Beng Group has reported earnings of $14.9 million in the 1HFY2022 ended Nov 30, 2021, 15.5% lower than earnings of $17.6 million during the same period the year before. The lower results were in line with the group’s profit guid...

SLB Development Ltd has reported earnings of $12.0 million in the 1HFY2022 ended Nov 30, 2021, more than two times the earnings of $5.5 million in the same period the year before. Earnings per share (EPS) for the period stood 116.4% y-o-y higher at 1.32 cents on a fully diluted basis. During the per...

US fund manager Capital Group, a substantial shareholder of Nanofilm Technologies International, has reduced its stake in the company. On Jan 4, it sold 334,7000 shares at $3.77 each. It now holds a deemed stake of around 39.4 million shares or 5.99%, down from 6.05% previously. In contrast, Shi Xu,...

THE following companies saw new developments that may affect trading of their securities on Friday (Jan 7):

SLB Development, a subsidiary of Lian Beng Group, has issued a positive profit guidance for the 1HFY2022 ended Nov 30, 2021. In its guidance, SLB Development says the group is expected to report a “significant increase” in its consolidated net profit for the period, compared to the corresponding...

PROPERTY player SLB Development anticipates a "significant" year-on-year increase in net profit for H1 2022 ended November, the Catalist-listed company announced in a Thursday bourse filing.

SingHaiyi Group, Chip Eng Seng Corporation and KSH Holdings, on Dec 3, announced that they have successfully made an offer for the enbloc acquisition of Peace Centre and Peace Mansion. The offer price of $650.0 million was made on Dec 2 by way of a private treaty, and was accepted on Dec 3. See: P...