Lum Chang Holdings unveils new arm
Lum Chang Realty will deal with investment holdings.
According to an SGX release, the Board of Directors of Lum Chang Holdings Limited announced that the Company had incorporated a wholly-owned subsidiary in Singapore named Lum Chang Realty Pte. Ltd. (“LCR”) with an issued share capital of S$100.
The principal activity of LCR is investment holdings.
The incorporation of LCR is funded by internal resources and is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Group.