SLB Development

Both SLB Development and Lian Beng Group will release their results on or before Jan 14.

This translates to earnings per share (EPS) of 0.61 cents on a fully diluted basis, compared to 0.60 cents in 1HFY2020.

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. It has found a partner in Singapore-based fund management firm 32RE.

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) in Pinnacle Investment Management Limited.

Wee Teng Chuen is the son of Wee Ee Cheong, the CEO of UOB.

SINGAPORE (Feb 21): A Bloomberg columnist says it succinctly. “The novel coronavirus Covid-19 causes flu-like symptoms in its patients. For the rest of us, it induces a kind of creeping cluelessness.”

SINGAPORE (Oct 14): SLB Development, the property development subsidiary of construction firm Lian Beng Group, has diversified into the fund management industry. The company hopes to generate recurring income that can smoothen out its otherwise lumpy earn

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 million.

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.

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.