News: United Engineers Ltd (UTES.SI)

UTES.SI on Stock Exchange of Singapore

2.82SGD
1 Sep 2014
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$-0.03 (-1.05%)
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Tue, Aug 26 2014

OCBC enters exclusive talks with Thai billionaire on United Engineers stake

SINGAPORE, Aug 27 - Singapore's Oversea Chinese Banking Corporation and Great Eastern Holdings said on Wednesday that they are now in exclusive talks with a company controlled by Thai billionaire Charoen Sirivadhanabhakdi and his wife Khunying Wanna Sirivadhanabhakdi regarding the sale of the Singapore companies' stake in United Engineers Ltd.

UPDATE 1-Singapore's United Engineers unit selling luxury car business for $365 mln

SINGAPORE, Aug 26 - Singapore's United Engineers Ltd said on Tuesday its subsidiary WBL Corporation was selling its luxury car business to StarChase Motorsports (Singapore) Pte Ltd for S$455 million($365 million).

Singapore's United Engineers unit sells auto business for $365 mln

SINGAPORE, Aug 26 - Singapore's United Engineers Ltd said on Tuesday its subsidiary WBL Corporation was selling its automotive business to luxury car distributor StarChase Motorsports (Singapore) Pte Ltd for S$455 million($365 million).

UPDATE 2-OCBC in talks to sell United Engineers stake to Thai tycoon -sources

* OCBC said recently it will weigh selling non-core assets

OCBC says in talks to sell United Engineers stake

SINGAPORE, Aug 21 - Oversea-Chinese Banking Corporation Ltd and its subsidiary Great Eastern Holdings Ltd said on Thursday they are in talks to sell their stakes in engineering and property firm United Engineers Ltd (UEL).

OCBC in talks with Thai tycoon to sell United Engineers stake: sources

SINGAPORE - Oversea-Chinese Banking Corp , Singapore's second-biggest lender, is in talks with a group linked to Thai billionaire Charoen Sirivadhanabhakdi to sell its stake in property firm United Engineers Ltd , two people familiar with the talks said.

OCBC in talks with Thai tycoon to sell United Engineers stake - sources

SINGAPORE, Aug 21 - Oversea-Chinese Banking Corp , Singapore's second-biggest lender, is in talks with a group linked to Thai billionaire Charoen Sirivadhanabhakdi to sell its stake in property firm United Engineers Ltd, two people familiar with the talks said.

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