http://www.businesstimes.com.sg/prem...-plot-20140426
LISTED construction company Lian Beng Group has successfully bid $46.2 million for a property in the prime Leng Kee Road motor belt and is going into the automotive business.
The company has tied up with well-known parallel import company VinCar to form Wealth Assets Pte Ltd, a joint venture company which is 80 per cent owned by Lian Beng.
Wealth Assets plans to develop the land at 24 Leng Kee Road when the purchase is approved by the Housing Development Board.