Khong Guan

[Vseeker]

http://infopub.sgx.com/FileOpen/Acquisit...eID=425155

http://infopub.sgx.com/FileOpen/PressRel...eID=425156

Lian Beng acquires 8-storey freehold Khong Guan Industrial Building at 20 Mactaggart Rd for S$31 million



Based on 25,813,000 outstanding shares, EPS is 1.20/share. Current NAV is 2.43 and it will be 3.63 when the sale completed. Zero debt with minimum capex, is a special div on the way? 
Share price has risen from 1.9+ to 2.32 (last closing), let's see....

SGX-listed unit is Khong Guan Flour Milling Limited ("KGFM")
dun think listed KGFM has any interests in No 20 Mactaggart Rd  (Khong Guan Industrial Building).

But Listed KGFM own the immediate neighbour - No 2 Mactaggart Rd (Khong Guan Biscuit Factory), which is a 50-yrs old, 3-storey building,
it is currently being redevelop into a 8-storey building to fully utilised its 2.5x plot ratio.
from existing 3-storey 1125 sqM GFA =} to a new 8-storey building with approx 2550 sqM GFA