- Wholly owned subsidiary Lian Beng Engineering & Machinery and 90% owned Sinmix Pte Ltd to be spun off to achieve independent valuation and provide clearer credit profiling for its future business growth
- Group obtains pre-clearance from SGX-ST on spin-off
- Group to convene EGM to seek approval from shareholders; believes proposed spin-off can bring long term value to shareholders
Bond markets tell Fed rate story that tech-powered stocks still ignore
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S&P Futures5,210.00-4.75(-0.09%) Dow Futures39,209.00-14.00(-0.04%) Nasdaq
Futures18,198.50-33.00(-0.18%) Russell 2000
Futures2,048.70-1.10(-0.05%) Crude
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1 hour ago
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