Lum Chang forms joint venture with L&K Engineering

One of the focus areas of the new entity is civil, structure and architectural design.

Lum Chang Holdings Limited has announced that indirect subsidiary, Lum Chang Builders Pte. Ltd. (LCB) has entered into a preliminary joint venture agreement with Taiwan’s L&K Engineering Co., Ltd for the formation of a joint venture.

In a bourse filing, Lum Chang said L&K-LCB Joint Venture LLP will carry out civil, structure and architectural design and build works for a project in North of Singapore.

LCB and L&K’s percentages of participation are 30% and 70%, respectively.

As at the date of the announcement, LCB has an issued and paid-up share capital of $300,000 comprising 300,000 ordinary shares which are all held by Lum Chang Asia Pacific Pte Ltd, a wholly-owned subsidiary of the company.

“In pursuance of the Joint Venture, LCAP will increase the issued and paid-up share capital of LCB from $300,000 to $700,000 by the subscription of an additional 400,000 ordinary shares in LCB for a total amount of $400,000,” Lum Chang said.

Certain employees of Lum Chang Building Contractors Pte. Ltd. will also subscribe for an aggregate of 300,000 ordinary shares in LCB for a total amount of $300,000. These are shareholders Tay Wey Pin, Tan Jui Hock, Ng Kear Jin, Chern Key and Chai Chen Chee.

“The incorporation of the LLP and the subscription will be funded through internal resources and are not expected to have any material impact on the net tangible assets per share of the company or the earnings per share of the company for the current financial year ending 30 June 2026,” Lum Chang said.

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