Ong Sek Chong & Sons to acquire Lian Beng.

Ong Sek Chong & Sons, a provider of financial services, offered to acquire Lian Beng, a provider of high-quality construction and civil engineering services for residential, industrial, commercial, institution and government projects. Financial terms were not disclosed. Ong Sek Chong & Sons has an issued and paid-up share capital of S$100.000 comprising 100.000 ordinary shares, of which 40% are held by Ong Pang Aik, Lian Beng's chairman and managing director; 36% by Ong Lay Huan, Lian Beng's executive director; 12% by Ong Lay Koon, another executive director at Lian Beng; and the remaining 12% by Ong Lee Yap.