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Lian Beng Group Ltd Announces Increase In Share Capital Of Subsidiary


Friday, 26 Apr 2013 05:16am EDT 

Lian Beng Group Ltd announced that its wholly owned subsidiary, Wealth Development Pte. Ltd. (Wealth) has increased its issued and paid-up capital from SG$1 to SG$500,000.The Company, Kim Seng Heng Realty Pte Ltd (KSHR) and Development 16 Pte Ltd (DEV 16) have subscribed for 199,999 ordinary shares, 150,000 ordinary shares and 150,000 ordinary shares respectively, satisfied by an aggregate cash of SG$499,999. Following the aforesaid subscription, the Company now holds 200,000 ordinary shares in the capital of Wealth, representing 40% of the entire paid-up share capital of Wealth. As a result of the above, Wealth ceases to be a subsidiary of the Company. 

Company Quote

0.7
-0.0050 -0.71%
11 Jul 2014