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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Monday, 19 September 2011

Lian Beng proposes spin-off of subsidiaries for primary listing on Taiwan Stock Exchange

  • 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

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