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Latest Forum Topics / SLB Dev    Last:0.225 --  Post Reply
SLB Development Ltd. (SGX:1J0)
Joelton
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05-Jun-2020 08:54     
 
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Wee Teng Chuen joins SLB Development and 32Holdings' joint venture increases JVC' s paid-up share capital to $3 mil

 

Joint ventures and alliances

 

Felicia Tan  4/06/2020, 6:42pm


SINGAPORE (June 4): SLB Development, the property development subsidiary of construction firm Lian Beng Group, along with 32 Holdings (32HPL), and its wholly-owned subsidiary 32 Real Estate (JVC), have executed a subscription and shareholders&rsquo agreement with Wee TC Investments (WTCI), on Thursday.

The agreement was signed by SLB Development&rsquo s wholly-owned subsidiary SLBF.

WTCI is an investment holding company wholly-owned by Wee Teng Chuen, the son of Wee Ee Cheong, the CEO of UOB.

According to an SGX filing, WTCI will subscribe for 1 million ordinary shares of the JVC at an issued price of $1 per share.

Upon completion of the subscription, the issued and paid-up share capital of 32 Real Estate will increase to $3 million, comprising 3 million ordinary shares. 32 Real Estate will also be owned equally by SLBF, 32HPL, and WTCI.

Following the completion, Wee will be joining the JVC as an operating partner, and will be appointed as the fund management company&rsquo s managing director and head of capital raising.

Accordingly, SLBF&rsquo s interest in 32 Real Estate, will decrease from 50% to 33.33%.

SLB Development shares closed flat at 11.8 cents on Thursday.

https://www.theedgesingapore.com/news/joint-ventures-and-alliances/wee-teng-chuen-joins-slb-development-and-32holdings-joint-venture
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Joelton
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23-May-2020 12:13     
 
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CATALIST-LISTED property player SLB Development has obtained regulatory approval for its controlling shareholder Lian Beng Group to be given another time extension to dispose of competing business in Australia and Singapore.
 
Aside from an oversupply in the property industry in Singapore and weakness in Brisbane' s property market, Lian Beng expects that the coronavirus outbreak and bushfires in Australia are likely to dampen demand.
 
Lian Beng now has until April 19, 2021 to sell the leftover units in a freehold condominium development in Singapore and wind up or liquidate Phileap Pte Ltd, the special-purpose vehicle holding the unsold units. It also has until April 19, 2022 to sell two remaining properties in Australia.
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tonylim70
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27-Apr-2018 15:47     
 
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 Alert Admin 		NTA 15 cents. Almost ALL properties counter  their share price half of NTA.. 21.5 cents still expensive..

chenkhoon      ( Date: 27-Apr-2018 15:45) Posted:

0.215 already wor ... behind IPO price.

wishbone      ( Date: 25-Apr-2018 14:04) Posted:

Now all IPOs from SGX can only tikam tikam and if alloted  the share then MUST SELL ON the first day of trading.

Definitely not to hold for whatever reason.

These are all submarinea which will sink once they have started the journey.

Bon Voyage
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chenkhoon
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27-Apr-2018 15:45     
 
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 Alert Admin 		0.215 already wor ... behind IPO price.

wishbone      ( Date: 25-Apr-2018 14:04) Posted:

Now all IPOs from SGX can only tikam tikam and if alloted  the share then MUST SELL ON the first day of trading.

Definitely not to hold for whatever reason.

These are all submarinea which will sink once they have started the journey.

Bon Voyage
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wishbone
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25-Apr-2018 14:04     
 
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 Alert Admin 		Now all IPOs from SGX can only tikam tikam and if alloted  the share then MUST SELL ON the first day of trading.

Definitely not to hold for whatever reason.

These are all submarinea which will sink once they have started the journey.

Bon Voyage
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jlim70
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24-Apr-2018 09:50     
 
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 Alert Admin 		Boat is sinking now.....!!!!
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Berani
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23-Apr-2018 17:21     
 
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 Alert Admin 		this stock holding well

Starship      ( Date: 23-Apr-2018 16:49) Posted:


Nowadays, companies that list in SGX are all laughing stocks. Most end up lower than IPO price for months to years to come.
The IPOs are like the Prawning Pond in Yishun:
-  the ones fishing are the Company Founders,  Executives, Asscociates, BBs, Early Investors, Placement Investors, Smart Money. 
-  the prawns are the retail investors.
Guess who ends up holding the bag?




 

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Starship
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23-Apr-2018 16:49     
 
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Nowadays, companies that list in SGX are all laughing stocks. Most end up lower than IPO price for months to years to come.
The IPOs are like the Prawning Pond in Yishun:
-  the ones fishing are the Company Founders,  Executives, Asscociates, BBs, Early Investors, Placement Investors, Smart Money. 
-  the prawns are the retail investors.
Guess who ends up holding the bag?




 
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ysh2006
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22-Apr-2018 17:59     
 
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 Alert Admin 		Agreed eg like Decloud Tat Hong Tritech : Tee int all spinned off of mother share not perform well many underwater....

huathuat88888      ( Date: 21-Apr-2018 19:15) Posted:

ALL THESE SPINOFFS ARE TO " CONFUSE " YOU . LIKE MM2 AND UNUSUAL. (UNUSUAL ALSO TRADING AT HUGE PREMIUM AT 13X ITS BOOK VALUE) LIKE HEATHWAY AND IHC. ULTIMATELY ONCE BBS $$ CHINK CHINK FROM BOTH ENTITIES , THEY WILL OR MAY THEN MERGE AT VERY "GOOD PRICE" AGAIN . THINK TEELAND ALSO ? FRAGRANCE ALSO?

tonylim70      ( Date: 21-Apr-2018 15:41) Posted:

most of the properties counter are trading at a discount over it' s NTA. Lian Beng before selling it' s share in SLB is trading at a discount of around 50%.
This SLB is trading at a premium of over 60%.. wow
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huathuat88888
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22-Apr-2018 10:58     
 
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 Alert Admin 		This stock will slowly drift to 20 / 21 cts. Like Fragrance. Then gradually slowly to 17 cts. Like Fragrance.
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hfjdhy
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21-Apr-2018 21:32     
 
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 Alert Admin 		Stabilisation action only applies to Mainboard listed IPOs, does not apply to Catalist IPOs

Starship      ( Date: 21-Apr-2018 16:40) Posted:


Need to see whether the IPO contract appoints a Stabilisation Manager to support the IPO price.
If there is, they will submit SGX announcement next week showing exactly how much they bought. 
 
 

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huathuat88888
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21-Apr-2018 19:15     
 
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 Alert Admin 		ALL THESE SPINOFFS ARE TO " CONFUSE " YOU . LIKE MM2 AND UNUSUAL. (UNUSUAL ALSO TRADING AT HUGE PREMIUM AT 13X ITS BOOK VALUE) LIKE HEATHWAY AND IHC. ULTIMATELY ONCE BBS $$ CHINK CHINK FROM BOTH ENTITIES , THEY WILL OR MAY THEN MERGE AT VERY "GOOD PRICE" AGAIN . THINK TEELAND ALSO ? FRAGRANCE ALSO?

tonylim70      ( Date: 21-Apr-2018 15:41) Posted:

most of the properties counter are trading at a discount over it' s NTA. Lian Beng before selling it' s share in SLB is trading at a discount of around 50%.
This SLB is trading at a premium of over 60%.. wow.

simpleguy123      ( Date: 21-Apr-2018 15:31) Posted:

Wow the share is overpriced!!!
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Starship
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21-Apr-2018 16:40     
 
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Need to see whether the IPO contract appoints a Stabilisation Manager to support the IPO price.
If there is, they will submit SGX announcement next week showing exactly how much they bought. 
 
 
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teeth53
Supreme
21-Apr-2018 16:29     
 
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Yells: "don't learn through life, learn to grow with life "
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 Alert Admin 		The high on it first trading day is 0.26, it low 0.24c n [email protected]
Trade Summary: More px [email protected]
Last Trades Volume Bid Volume Mid Ask Volume
0.240 41 3,279,000 3,279,000 0 0
0.245 228 8,594,600 3,682,500 0 4,912,100
0.250 355 16,968,500 10,138,100 0 6,830,400
0.255 74 2,803,400 1,831,000 0 972,400
0.260 302 15,466,000 160,000 0 15,306,000
TOTAL 1,000 47,111,500 19,090,600 0 28,020,900
 
 
  -  Bid : volume done at buyer' s price.
  -  Mid : married trade / bundled trade
  -  Ask : volume done at seller' s price


Jackwoo      ( Date: 20-Apr-2018 09:51) Posted:

This counter high is not 260.  Watch for the reversal.   

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teeth53
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21-Apr-2018 15:57     
 
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Yells: "don't learn through life, learn to grow with life "
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 Alert Admin 		This one [email protected], huat lahh. :) The one at 0.24c :(

teeth53      ( Date: 20-Apr-2018 09:06) Posted:

Those applied n got 5,000 shr or more is making $ on opening [email protected] cents. LOL.😃

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Starship
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21-Apr-2018 15:45     
 
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Investors just need to throw one stone and it will hit many strong promising property counters that are trading at big discount to their NAV.  Why would retail investors need to pay for overpriced, overhyped counters. 
Retail investors need to show the BBs and businessmen that we will not invest in overpriced stocks.
And that goes to stocks that have more holes than cheese. 
And those that have plots thicker than korean dramas.   
And those that even X-Rays can' t penetrate.
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tonylim70
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21-Apr-2018 15:41     
 
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 Alert Admin 		most of the properties counter are trading at a discount over it' s NTA. Lian Beng before selling it' s share in SLB is trading at a discount of around 50%.
This SLB is trading at a premium of over 60%.. wow.

simpleguy123      ( Date: 21-Apr-2018 15:31) Posted:

Wow the share is overpriced!!!!

huathuat88888      ( Date: 21-Apr-2018 11:42) Posted:

NAV : 15.74 CTS PER SHARE

CURRENT : 25 CENTS PER SHARE

LOTS OF MEAT
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simpleguy123
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21-Apr-2018 15:31     
 
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 Alert Admin 		Wow the share is overpriced!!!!

huathuat88888      ( Date: 21-Apr-2018 11:42) Posted:

NAV : 15.74 CTS PER SHARE

CURRENT : 25 CENTS PER SHARE

LOTS OF MEAT
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huathuat88888
Elite
21-Apr-2018 11:42     
 
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 Alert Admin 		NAV : 15.74 CTS PER SHARE

CURRENT : 25 CENTS PER SHARE

LOTS OF MEAT
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Berani
Elite
20-Apr-2018 18:52     
 
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 Alert Admin 		SLB got announcement.

take pic for whole company. they expect the share will debut very high price... end up so low only

huathuat88888      ( Date: 20-Apr-2018 14:20) Posted:

AVOID.

HATE SPINOFFS . IT IS LIKE IHC AND HEALTHWAY TO ME. IT CONFUSES YOU. LOL
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