United States

United Engineers Ltd (UTES.SI)

UTES.SI on Stock Exchange of Singapore

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Fri, Feb 10 2017

OUE says approached on United Engineers' stake, no assurance of deal

SINGAPORE, Oct 5 OUE Ltd, a Singapore property developer backed by Indonesia's billionaire Riady family, said it has been approached for the purchase of shares in real estate owner United Engineers Ltd, but there is no assurance of a binding agreement.

BRIEF-OUE Ltd clarifies on Bloomberg article regarding Riady Family seeking stake in United Engineers

* Reference is made to Bloomberg article entitled "Billionaire Riady Family said to seek United Engineers stake"

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