[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.
This follows its 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 six months of 2025, from S$3.3 million in the corresponding period last year.
The increase was due to higher-margin contributions from conservation and restoration projects undertaken in the half-year, 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 a new project secured in the six months of 2025 that accounted for S$5.8 million.
Pre-invitation earnings per share stood at S$0.019 for the recent half-year period, up from S$0.0117 in the same period last year.
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“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 fit-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.
