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Lian Beng to spin off property development business with Catalist listing

PC Lee Published on Thu, Oct 12, 2017 / 9:40 PM GMT+8

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SINGAPORE (Oct 12): Lian Beng Group, the construction company and property developer, is exploring a possible spinoff of its property development business with a listing on the Catalist board.

The Singapore Exchange today also informed the group it has no objection for the proposed spinoff.

In a Thursday night filing, Lian Beng says the proposed spinoff and listing will provide a transparent valuation to benchmark the property development business.

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