Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Property firm Lian Beng’s affiliate plans Hong Kong listing

The IPO deal is still in its preliminary stages so details for the proposed listing of its 40%-owned associated firm, United E & P are not firmed up yet.

Lian Beng Group
Source: Lian Beng Group

Construction company Lian Beng Group on Tuesday said its 40%-owned associated company is looking to list on the main board of the Hong Kong Stock Exchange.

The associated firm, United E & P, supplies construction materials and handles general construction developments.

Lian Beng said the group is in the preliminary stages on getting the listing, hence, it is unable to provide details on the projected date of the listing.

The associate firm may decide to not proceed with the listing if any factors surface to reveal that a listing would not be of interest for the firm, Lian Beng noted in the statement.

Lian Beng said an application proof of the prospectus has been uploaded in draft form on the Hong Kong Stock Exchange website as information for the Hong Kong public.

Lian Beng is listed on the mainboard of the Singapore Exchange. It is a construction group with integrated civil engineering and construction support service capabilities.

Shares of Lian Beng closed at S$0.465 before the proposed listing announcement was made on Tuesday night. The counter opened lower on Wednesday morning, and was down by 2.15% or 1 Singapore cent at S$0.455 minutes into trading.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IG Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by writer