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SGX:LCC

11 stories mentioning SGX:LCCUpdated 14d ago

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Asia

Singapore Shares Sink, Track Regional Losses Over AI Trade Concerns

Singapore shares plunged on Thursday, tracking regional losses as investor confidence was weighed down by concerns over AI trade, coupled by continued tensions in the Middle East.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,514.30 and 5,551.25 throughout the day. It ended the session at 5,539.38, down 20.34 points or 0.4% compared to Wednesday's close.On the corporate front, shares of HG Metal Manufacturing (SGX:BTG) closed over 2% higher as it agreed to extend the long stop date for acquiring a property at 47 Tuas View Circuit in Singapore to Sept. 16.Lum Chang Creations (SGX:LCC) was down nearly 3% at the close with the company expecting to book a "significant increase" in its net profit for the fiscal year ended June 30, compared to a year earlier.Meanwhile, A consortium comprising Frasers Property (SGX:TQ5), Frasers Centrepoint Trust (SGX:J69U), Sunway MCL (KLSE:5211), Sekisui House (TYO:1928) and Lum Chang Building Contractors has emerged as the top bidder for the Bayshore Drive Government Land Sales site in Singapore.

^STISGX:BTGSGX:LCCSGX:TQ5
Asia

Lum Chang Creations Expects Higher Net Profit in Fiscal 2026; Shares Down 3%

Lum Chang Creations (SGX:LCC) is expecting to book a "significant increase" in its net profit for the fiscal year ended June 30, compared to a year earlier, according to a Thursday filing with the Singapore Exchange.The design and fit-out services company has attributed this to improved profit margins and project execution.The company will release its results on or before Aug. 25.Shares of Lum Chang Creations were down nearly 3% in Thursday trading.

SGX:LCC
Asia

Lum Chang Creations Arm Bags SG$32.9 Million Contract for Teck Ghee Station Works

Lum Chang Interior, a wholly-owned subsidiary of Lum Chang Creations (SGX:LCC), has secured a new order worth SG$32.9 million for North-South Corridor works at Teck Ghee Station, according to a Wednesday filing with the Singapore bourse.The contract is for the supply, fabrication, installation, construction, and completion of the architectural and associated sub-contract works at Teck Ghee Station for the North-South corridor tunnel between Sin Ming Avenue and Ang Mo Kio Avenue.Work on the project began on July 10 and is expected to be completed by July 7, 2029, the company said.This latest contract adds to the company's order book, which stood at SG$144.0 million as of April 30.Lum Chang Creations' shares were down over 1% in Thursday's trade.

SGX:LCC
Asia

Singapore Shares Claw Back Despite US Reinstating Iran Blockade

Singapore shares surge on Tuesday, despite the US president Donald Trump reinstating a blockade in the Gulf.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,411.59 and 5,501.31 throughout the day. It ended the session at 5,495.61, up 25.27 points or 0.5% compared to Monday's close.In economic news, Singapore's economy grew 5.7% year over year in the second quarter, easing from 6.3% in the previous three months, according to advance estimates released by the Ministry of Trade and Industry.On the corporate front, shares of EuroSports Global (SGX:5G1) closed over 2% higher as its subsidiary, Scorpio Electric, completed an on-road registration of its Lambda Scorpii electric motorcycle in Singapore.Lum Chang Creations (SGX:LCC) is set to transfer its listing from the Catalist board to the Mainboard of the Singapore Exchange on Thursday.Meanwhile, Singapore Shipping (SGX:S19) Chief Operating Officer Lim Bee Lan will step down from her role at subsidiary Island Line, effective Aug. 14, citing personal reasons.

^STISGX:5G1SGX:LCCSGX:S19
Asia

Lum Chang Creations Set for SGX Mainboard Transfer

Lum Chang Creations (SGX:LCC) will transfer its listing from the Catalist board to the Mainboard of the Singapore Exchange on Thursday, according to a Monday filing.The interior fit-out services provider received in-principle approval for the transfer from the SGX in February, and subsequently fulfilled all listing conditions on July 3.Trading of the company's shares on the SGX Mainboard will commence on Thursday, July 16.

SGX:LCC
Asia

Lum Chang Creations Receives Listing, Quotation Notice for Up to 15 Million Placement Shares

Lum Chang Creations (SGX:LCC) obtained a listing and quotation notice from the SGX-ST for the listing and quotation of up to 15 million placement shares, according to a Friday filing with the Singapore Exchange.Following the LQN, parties to the placement agreement have also decided on July 1 as the completion date.

SGX:LCC
Asia

Singapore Shares Slide as US-Iran Switzerland Talks Called Off

Singapore shares snapped their winning streak on Friday as the US-Iran negotiations in Burgenstock, Switzerland were called off following Israel's airstrikes on Lebanon.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,159.95 and 5,226.03 throughout the day. It ended the session at 5,192.70, down 20.14 points or 0.4% compared to Thursday's close.On the corporate front, Lum Chang Creations (SGX:LCC) creations was down over 3% as its parent, Lum Chang (SGX:L19), proposed to sell up to 12.3 million shares for around SG$9.3 million, as part of regulatory requirements for the unit's proposed transfer to the Mainboard of the Singapore Exchange Securities Trading.Meanwhile, shares of Mooreast (SGX:1V3) were up nearly 1% at the close as the mooring company agreed to assume the SG$13.0 million shareholder loan of subsidiary Mooreast Asia and extend its maturity by five years to Nov. 23, 2031.

^STISGX:1V3SGX:L19SGX:LCC
Asia

Lum Chang to Dispose of Over 12 Million Shares in Lum Chang Creations

Lum Chang (SGX:L19) has proposed to sell up to 12.3 million shares in its unit, Lum Chang Creations (SGX:LCC), for around SG$9.3 million, as part of regulatory requirements for the unit's proposed transfer to the Mainboard of the Singapore Exchange Securities Trading.Under the placement agreement, around 35 million Lum Chang Creations shares will be up for sale at SG$0.759 per share, including 7.7 million shares to be sold by LCC managing director Lim Thiam Hooi and 15 million shares to be placed by LCC, according to a Thursday bourse filing.Following the conclusion of the exercise, Lum Chang's stake in Lum Chang Creations will be 64.15%.Proceeds raised from the share disposal will be utilized for the repayment of bank borrowings and for general working capital.

SGX:L19SGX:LCC
Asia

Singapore Shares Slide Nearly 2% as Markets React to Middle East Conflict; Asiaphos Surges 13%

Singapore shares plunged on Monday, losing nearly 2%, tracking regional losses as investor sentiment took a major hit following recent developments in the Middle East.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,952.66 and 4,996.40 throughout the day. It ended the session at 4,963.67, down 86.29 points or 1.7% compared to Friday's close.Israel and Iran traded strikes in what was the worst escalations between the two sides since the April ceasefire, threatening to jeopardize ongoing negotiations between Washington and Tehran.On the corporate front, shares of Asiaphos (SGX:5WV) surged nearly 13% as it signed a non-binding term sheet to acquire a 51% controlling stake in DC Alliance, which owns a Tier III certified data center in Western Australia for AU$7.7 million.Lum Chang Creations (SGX:LCC) declined nearly 6% as it decided to delay its planned share placement, a prerequisite for the transfer of its shares to the Mainboard of the Singapore Exchange Securities Trading, driven by market volatility.Meanwhile, MTQ (SGX:M05) was up over 4% at the close as it entered into a conditional sale and purchase agreement to sell its subsidiary, Premier Estate to H3 Engineering Services for SG$12 million.

^STISGX:5WVSGX:LCCSGX:M05
Asia

Lum Chang Creations Delays Share Placement; Shares Down 4%

Lum Chang Creations (SGX:LCC) has decided to delay its planned share placement, a prerequisite for the transfer of its shares to the Mainboard of the Singapore Exchange Securities Trading, driven by market volatility, according to a Monday bourse filing.The interior fit-out services company had earlier proposed placing new shares to meet SGX's minimum spread requirements, along with bonus shares for existing shareholders.While the company secured shareholder approval for the transfer, unfavorable market conditions prompted the decision.Shares of the company were down over 4% in Monday trading.

SGX:LCC
Asia

Lum Chang Creations Proposes Bonus Issue of Up to 330 Million Shares

Lum Chang Creations (SGX:LCC) is proposing to undertake a bonus issue of up to 330 million new shares, according to a Thursday filing with the Singapore Exchange.Under the proposal, one bonus share will be credited as fully paid up for every one share held by existing shareholders.The move aims to increase the company's share capital base, it said.The proposed issue is subject to the approvals of the SGX-ST and the company's shareholders.Shares of the engineering company were up nearly 2% in Thursday trading.

SGX:LCC

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