SLB Development (SGX:1J0) was granted a leave by a court to convene its scheme meeting by July 1, according to a Wednesday filing with the Singapore Exchange.
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.
The two companies had entered into an implementation agreement to set out the terms and conditions of the scheme.
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