SINGAPORE (EDGEPROP) -The Ong family trying to privatise Lian Beng Group has secured 90.14% of the shares as of July 4.

With free float now below 10%, the Ongs are now entitled to exercise their right to compulsory acquire the remaining shares and will do so.

The closing date of the privatisation offer, at 68 cents per share, has earlier been extended to July 7 from June 30.