Lindeteves-Jacoberg Limited (LJL, SGX: L15 ), based in Singapore, is an investment holding company which provides management services to its subsidiaries.
[1] In 2006 the company experienced liquidity problems[2] and was acquired by the Austrian-based ATB group.
[3] In 2011 ATB's parent A-TEC became insolvent and ATB itself was purchased by the Chinese company, Wolong Holding Group Co Ltd.[4] [5] The company was originally in the business of producing and distributing electric motors, as well as power generation, waste treatment systems and engineering.
[7] In 2004, the company closed/downsized the last remaining British plants in Huddersfield and Guiseley and moved production to Poland and China.
One of the lawsuits was lost, but a subsidiary of Wolong purchased the judgment sum and agreed to pay 14 million SGD in five installments until 2016.