Lian Beng said on Tuesday that its 40 percent-owned associated company, United E & P Pte. Ltd., is seeking a proposed listing on the main board of the Stock Exchange of Hong Kong.
In connection with the proposed listing, Lian Beng’s wholly owned subsidiary, Lian Beng (HK) Ltd., has subscribed for 40 percent of the issued share capital of United E & P Ltd., which is the entity for the proposed listing and will be the sole shareholder of United E & P Pte. Ltd., it said in a filing to SGX after the market close on Tuesday.
But Lian Beng added there was no certainty the proposed listing and share offer would be completed, with the proposal still in its preliminary stages and subject to approvals.
United E & P Pte. Ltd. is primarily involved in general construction works and the supply of construction material, it said.