Lum Chang Creations calls EGM for mainboard move; proposes 1-for-1 bonus issue

Businesstimes News
2026.04.30 07:05
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Lum Chang Creations (LCC) has called an extraordinary general meeting (EGM) on May 25 to seek shareholder approval for its transfer from the Catalist board to the Singapore Exchange’s mainboard. The company has already received in-principle approval from SGX. Alongside the transfer, LCC proposes a 1-for-1 bonus issue of up to 330 million new shares and plans to amend shareholding requirements. LCC reported a 104% increase in net profit to S$11 million for the first half of FY2026, supported by a strong order book of S$132 million.