SLB Development, which was listed on the Catalist board of the SGX in 2018, is a property developer involved in developing and selling residential, mixed-use, industrial and commercial development properties.
Lian Beng, the offeror has an issued and paid-up share capital of $83.67 million comprising 499,689,200 ordinary shares, excluding the 30,070,800 shares held in treasury, and the sole shareholder of the offeror is OSC Capital, a holding company held by the Ong family.
OSC Capital has an issued and paid-up share capital of $100, comprising 100 ordinary shares held 51% by Ong Pang Aik, 30% by Ong Lay Huan, and 13% and 6% held by Ong Lee Yap.
Shares in SLB Development last closed at 23 cents on May 20.
