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Singapore's Straits Trading up nearly 5 pct after WBL deal
May 14, 2013 / 1:30 AM / in 5 years

Singapore's Straits Trading up nearly 5 pct after WBL deal

SINGAPORE, May 14 (Reuters) - Shares in Singapore conglomerate Straits Trading Co jumped nearly 5 percent on Tuesday to a three-year high of S$4.16, after the company accepted an offer for its holdings in WBL Corp from a group led by United Engineers Ltd.

WBL Corp shares edged down 0.2 percent and United Engineers fell nearly 1 percent in early trade.

Reporting by Rujun Shen; Editing by Edwina Gibbs

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