Lian Beng given 1-year extension to sell properties that may compete with subsidiary.
CATALIST property player SLB Development has obtained regulatory approval for its controlling shareholder Lian Beng Group to be given a one-year extension to dispose of competing business in Australia and Singapore.
Last year, Lian Beng, in a bid to mitigate potential conflict of interest with SLB, had offered to dispose of three properties in Australia, as well as to wind up or liquidate two companies.
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