[SINGAPORE] Interior fit-out business Lum Chang Creations has lodged a preliminary prospectus on Monday (Jun 23) for a Catalist listing on the Singapore Exchange.
It follows the business spin-off from mainboard-listed Lum Chang Holdings, finalised upon internal restructuring on Jun 19, noted the construction and property development company in a bourse filing on Monday.
According to its unaudited financials, Lum Chang Creations saw its net profit up 61.6 per cent at S$5.3 million for the first half-year of 2025, from S$3.3 million in the same period last year.
The increase was due to higher-margin contributions from conservation and restoration projects undertaken in H1, said the company, adding that revenue for the same period grew S$5.6 million or 16 per cent to S$40.8 million on the year.
It attributed the revenue increase to ongoing projects secured in or prior to the 2024 financial year, which amounted to about S$21.6 million, and gains from one new project secured in H1 2025 related to the Bedok Community Hospital, which amounted to S$5.8 million.
Pre-invitation earnings per share stood at S$0.019 for the half-year period, up from S$0.0117 in the same period last year.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
“Based on the independent market report, we are one of the leading urban revitalisation specialists in Singapore with comprehensive capabilities in providing niche conservation and restoration works (that are complemented) by our expertise in interior fit-out works as well as addition and alteration (A&A) works,” said the company.
In addition to conservation and restoration, interior fiat-out and A&A services, the company also provides aftercare services for certain retail projects and manufactures wood furniture and fixtures for retail customers.
The company indicated that, as at the date of the offer document, its issued and paid-up ordinary share capital stood at S$13.7 million, comprising 280 million shares.
With the net proceeds from the initial public offering (IPO), it plans to grow its regional presence, expand its portfolio of interior fit-out and A&A projects in the high-end residential sector, and explore investment opportunities such as acquisitions and joint ventures, on top of increasing its current working capital.
Shares of Lum Chang Holdings closed on Monday flat at S$0.34, before the announcement.
