SINGAPORE (Apr 16): SLB Development, the property development spin-off from construction player Lian Beng Group, launched its IPO on April 11. The company is selling 238 million new shares at 23 cents apiece in conjunction with its Catalist listing — comprising eight million offer shares and 230 million placement shares. The invitation will close on April 18 at 12pm, and shares of SLB will start trading on April 20.

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