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Incorporation of New Subsidiaries and Proposed Acquisition of Freehold Property Located at 52-57 Prince's Square, London, United Kingdom
10 December 2013
The Group today announced the incorporation of two wholly-owned subsidiaries in Jersey, Channel Islands, namely Pembridge Palace Holdco Limited and Pembridge Palance Propco Limited, for the purposes of undertaking property investments projects in the United Kingdom.
The Group also announced the proposed acquisition of freehold property at 52-57 Prince's Square, London, United Kingdom at approximately S$52 million. This freehold property extends to approximately 30,099 sq ft within six inter-communicating buildings and is currently leased to a sole tenant which operates the property as a hotel.
LCBC secured a SGD 178.6 million construction contract to build The Glades, a condominium project by Sherwood Development
25 October 2013
LCBC was awarded a SGD 178.6 million contract for the construction of The Glades, a condominium project by Sherwood Development Pte Ltd. The Glades, located at Bedok Rise, will comprise six blocks of 12-storey, one block of 11-storey and two blocks of 10-storey residential buildings with a total of 726 units when completed. The development includes two basement carparks, a tennis court, swimming pool and clubhouse facilities. The target date of completion is expected to be in the second half of 2016.
Completion of Acquisition of Freehold Property Located at 42-60 (Even) Kensington High Street, London, United Kingdom
12 March 2013
The Group completed the acquisition of freehold interest in a mixed-use property located at 42 to 60 (even) Kensington High Street, London W8 4PD by its wholly-owned subsidiary Old Court House Propco Limited on 11 February 2013.
Incorporation of New Subsidiary – Lum Chang Orion Pte. Ltd.
11 March 2013
Lum Chang Holdings Limited today announced the incorporation of Lum Chang Orion Pte. Ltd. (“LCO”), a wholly-owned subsidiary in Singapore. LCO’s principal activity will be in investment holdings.
Further thereto, the Company wishes to announce that completion of the Proposed Disposal took place today.
Appointment of Mr Daniel Soh Chung Hian as Non-Executive Independent Director of the Board
09 January 2013
The Company announced the appointment of Mr Daniel Soh as Non-Executive Independent Director of the company with the effect from 9 January 2013.
Mr Soh will also be appointed the Chairman of the Audit Committee and as well as a member of the Nominating Committee.
Mr Soh was a partner of Ernst & Young LLP before his retirement in 2012.
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