SLB Development Ltd. ( (SG:1J0) ) has provided an announcement.
SLB Development Ltd. is undergoing a proposed privatization through a scheme of arrangement, facilitated by Lian Beng Group Pte. Ltd. The acquisition involves purchasing all issued and paid-up ordinary shares of the company, excluding those held by the offeror. United Overseas Bank Limited is acting as the sole financial adviser for this scheme. The announcement also disclosed recent dealings in shares by Mr. Ang Yew Lai, a concert party with the offeror, who sold 500,000 shares, constituting 0.05% of the company’s issued share capital.
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
See more data about 1J0 stock on TipRanks’ Stock Analysis page.