In light of the profit guidance issued by SLB Development, Lian Beng Group says it expects to record lower profits for its FY2023 ended May 31.
SLB Development is a property development subsidiary of Lian Beng.
In its own profit guidance filing, Lian Beng notes that it will not be releasing its financial results announcement for FY2023, pursuant to a waiver granted by SGX-ST on July 18 in relation to its privatisation.
Shares in Lian Beng closed flat at 68 cents on July 20.
