Meanwhile Lian Beng's priority is to ensure it has sufficient resources to tide through the current challenges as a result of the pandemic.
"We will consider resuming dividend distribution when our operations generate a comfortable amount of cash and profit for us to do so," said Lian Beng. Occupancy remains relatively stable across its investment portfolio in Singapore, said Lian Beng. However, the company is also exposed the UK hospitality sector through its minority stakes in several hotels there.
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