---
title: "SLB Development Shareholders Approve Privatization Offer From Lian Beng Group"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/241147741.md"
description: "SLB Development's shareholders have approved Lian Beng Group's proposal to acquire and privatize the company. Following this approval, SLB Development will seek court sanction for the scheme, with shares expected to be delisted around July 2. The privatization offer values each share at SG$0.23 in cash."
datetime: "2025-05-21T03:42:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/241147741.md)
  - [en](https://longbridge.com/en/news/241147741.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/241147741.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/241147741.md) | [繁體中文](https://longbridge.com/zh-HK/news/241147741.md)


# SLB Development Shareholders Approve Privatization Offer From Lian Beng Group

SLB Development's shareholders voted in favor of a scheme resolution proposed by Lian Beng Group to acquire and privatize the company, according to a filing with the Singapore Exchange on Tuesday.

Following the approval, the company will file an application with the court to sanction the scheme, the filing said.

Accordingly, the company's shares will be delisted on or around July 2.

Earlier, the company had received a privatization offer from the board of directors of Lian Beng Group. The offer values each scheme share at SG$0.23 in cash.

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