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HOCK LOCK SIEW

Lessons from the UE E&C takeover

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The offer closed on Wednesday with Southern Capital (SC) garnering a stake of 96.56 per cent, including substantial shareholder Singapore Tong Teik's interest of about 9.17 per cent.

NOW that the proposed takeover of UE E&C has been completed and the engineering and construction company is to be taken private in due course, it's worth looking back at the saga because it offers many instructive features for regulators and all shareholders, not just minorities. The offer