Corporate digest

United Engineers

PROPERTY developer Oxley Holdings has further raised its stake in United Engineers (UE) to 14.1 per cent after acquiring S$1.4 million of shares on the open market on Tuesday and Wednesday, according to mandatory disclosures to the Singapore Exchange. The 5.3 million shares, which form about 0.07 per cent of UE's issued shares, were bought at S$2.72 apiece. Oxley deputy chief executive Low See Ching also directly holds an additional 1.02 per cent stake in UE. The purchase price is a 4.6 per cent premium to the S$2.60 per share cash offer for UE that h…