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SLB Development Ltd. Announces Proposed Privatization

Story Highlights
  • SLB Development Ltd. is set for privatization through acquisition by Lian Beng Group.
  • UOB is the financial adviser for the scheme, ensuring confidentiality and shareholding disclosure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SLB Development Ltd. Announces Proposed Privatization

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An announcement from SLB Development Ltd. ( (SG:1J0) ) is now available.

SLB Development Ltd. is undergoing a proposed privatization through an acquisition by Lian Beng Group Pte. Ltd. via a scheme of arrangement. United Overseas Bank Limited is acting as the sole financial adviser for this transaction. This move involves acquiring all issued and paid-up ordinary shares of SLB Development Ltd. held by shareholders, except those already held by the Offeror. The announcement highlights the confidentiality maintained during the process and the disclosure of shareholdings by parties acting in concert with the Offeror.

More about SLB Development Ltd.

YTD Price Performance: 69.23%

Average Trading Volume: 506,814

Technical Sentiment Signal: Sell

Current Market Cap: S$200.9M

For detailed information about 1J0 stock, go to TipRanks’ Stock Analysis page.

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