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Thursday, 6 March 2014

Lian Beng buys a 5.026% stake in Centurion

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Centurion Corporation Limited, said Lian Beng Group bought 38 million of its shares at 57 cents each in an off-market married deal on Thursday.

With this acquisition, the construction company now holds 5.026 per cent of Centurion, which is in the domritory business.

Other private investors took up 42 million Centurion shares.

The sellers are Centurion's controlling shareholders, Centurion Properties Pte Ltd and David Loh Kim Kang, who sold 70 million shares and 10 million shares respectively - equivalent to 10.58 per cent.

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