The Ong family controlling construction firm Lian Beng Group is making a conditional offer at 50 cents per share, following the acquisition of additional shares via a married deal, which triggers a mandatory offer as required by Singapore company rules.

Earlier today, via the vehicle Ong Sek Chong & Sons Pte Ltd, the Ongs bought 5.85 million shares, or 1.17% of the company, via a married deal.

Lian Beng last traded at 48.5 cents before a trading halt was called and this announcement was released.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook