Lian Beng property spin-off SLB Development lodges prospectus

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SINGAPORE (March 27): SLB Development, the long-awaited property development spin-off from Lian Beng Group, has lodged its preliminary prospectus.

No details are available yet on how much of a stake the parent company will sell and at what price.

This IPO is handled by SAC Capital, and is believed to be the corporate finance firm’s largest IPO deal to date... (Click here to read the full story.)