SEE:Lian Beng Group exercises call option for proposed acquisition of BreadTalk IHQ building
In a filing to SGX dated March 19, Lian Beng says that the contract is expected to have a “positive financial impact on the net tangible assets per share and earning per share of the group" for FY2021 ending May.
As of March 19, the group’s order book stood at approximately $1.6 billion which Lian Beng states will provide a sustainable flow of activity through FY2025.
Shares in Lian Beng closed up 1 cent or 2.13% higher at 48 cents on March 19.
