SLB Development

Results

SLB Development posts 0.9% higher earnings of $5.5 mil for 1H21 despite lower revenue

SLB Development, the property development subsidiary of construction firm Lian Beng Group, has posted earnings of $5.54 million for the 1HFY2021 ended November, registering a marginal 0.9% increase

Property

Hong Kong's Weave Co-Living to invest $500 mil in Singapore via JV

SINGAPORE (June 24): Hong Kong-based Weave Co-Living, a lifestyle-focused rental accommodation provider, is making its debut in Singapore with a planned investment of $500 million.

M&A

SLB Development acquires 20% stake in UK fund management business

SINGAPORE (June 16): SLB Development, the property development subsidiary of construction firm Lian Beng Group, has exercised its option to subscribe to a 20% equity stake for £90,000 (S$157,322) i

Deals, joint ventures & alliances

Wee Teng Chuen joins SLB Development and 32Holdings' joint venture; increases JVC's paid-up share capital to $3 mil

SINGAPORE (June 4): SLB Development, the property development subsidiary of construction firm Lian Beng Group, along with 32 Holdings (32HPL), and its wholly-owned subsidiary 32 Real Esta

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.

M&A

SLB Development makes maiden investment in UK property fund

SINGAPORE (Oct 14): SLB Development, the property development subsidiary of construction firm Lian Beng Group, has diversified into the fund management industry.

SLB Development to dispose of subsidiary owning Geylang property for $13.5 mil

Property

SLB Development to dispose of subsidiary owning Geylang property for $13.5 mil

SINGAPORE (Sept 25): SLB Development has entered into a share sale and purchase agreement to dispose of wholly-owned subsidiary Wellprime, which owns a property at 50 Lorong 21 Geylang, for $13.5 m

Results

SLB sinks into the red with 3Q losses of $3.5 mil on lower revenue

SINGAPORE (Apr 12): SLB Development, the development spin-off from Lian Beng Group, today announced that it has made a loss of $3.5 million in 3Q19, compared to earnings of $1.9 million in 3Q18.

Results

SLB Development sinks to net loss of $0.3 mil in 2Q on lower revenue

SINGAPORE (Jan 14): SLB Development has reported a net loss of $0.27 million for the 2Q19 ended November, compared to earnings of $8.9 million a year ago.

Broker's Calls

SLB started at 'buy' as residential property market bottoms

SINGAPORE (June 1): SAC Advisors has initiated coverage on SLB Development, the property developer which was spun off from construction company Lian Beng Group, with a “buy” call and a target price

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