Lian Beng Group

Lian Beng wins contract worth $131 mil for residential development - THE EDGE SINGAPORE

Contracts

Lian Beng wins contract worth $131 mil for residential development

Lian Beng Group has announced that its 60%-owned subsidiary United Tec Construction has secured a contract from United Venture Development (2020) worth approximately $131 million.

Property

Lian Beng Group exercises call option for proposed acquisition of BreadTalk IHQ building

Lian Beng (Tai Seng), a 75%-owned subsidiary of the Lian Beng Group, has exercised the call option under the put and call option agreement that it entered with the BreadTalk Group for the proposed

Insiders of Lian Beng, Geo Energy and Uni-Asia increase their respective stakes - THE EDGE SINGAPORE

Insider moves

Insiders of Lian Beng, Geo Energy and Uni-Asia increase their respective stakes

The Ong family controlling Lian Beng Group steadily raised its stake in recent weeks.

Lian Beng-led consortium buys BreadTalk HQ for $118 mil - THE EDGE SINGAPORE

Property

Lian Beng-led consortium buys BreadTalk HQ for $118 mil

A consortium led by Singapore-listed construction and property development company Lian Beng Group, announced that it has entered into a put and call option agreement to purchase the BreadTalk HQ B

Lian Beng reports 5.2% lower earnings of $17.6 mil for 1H21 due to circuit breaker measures, foreign workforce disruptions - THE EDGE SINGAPORE

Results

Lian Beng reports 5.2% lower earnings of $17.6 mil for 1H21 due to circuit breaker measures, foreign workforce disruptions

Homegrown building construction and property development company Lian Beng Group has registered earnings of $17.6 million for the 1HFY2021 ended November, 5.2% lower than earnings of $18.6 million

Results

Hit by construction halt, Lian Beng Group earnings fall 12.8% y-o-y in FY2020

Lian Beng Group posted a 12.8% y-o-y fall in earnings to $28.7 million for the FY2020 ended May 31, although revenue increased 43.8% y-o-y to $556.0 million for the same period, owing to

Funds

New property fund manager 32RE to focus on co-living, HNW investors and family offices

SINGAPORE (July 3): In the light of the global pandemic, which company — at its infancy when it is most vulnerable — would be brave enough to take a chance on the hospitality sector?

Contracts

Lian Beng banks on financial uplift with new $174 mil residential development contract

SINGAPORE (May 11): Lian Beng Construction, a wholly-owned subsidiary of mainboard-listed Lian Beng Group, has secured a residential flat development contract worth $174 million. 

Investing ideas

Lian Beng offers safe harbour in economy troubled by Covid-19

SINGAPORE (Feb 21): A Bloomberg columnist says it succinctly. “The novel coronavirus Covid-19 causes flu-like symptoms in its patients.

Results

Lian Beng posts 21.3% increase in 1Q earnings to $7.4 mil

SINGAPORE (Oct 14): Mainboard-listed construction firm Lian Beng Group saw its earnings rise 21.3% to $7.4 million for the 1Q20 ended August, from $6.1 million a year ago.

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