You are here

OCBC, Great Eastern to review UE, WBL stakes with appointed adviser

15_26753336.5 (40746360) - 02_12_2016 - sycurrency22.jpg
OCBC Bank and Great Eastern Holdings said on Thursday that they have appointed a financial adviser to review their combined stakes in United Engineers and WBL Corporation.

OCBC Bank and Great Eastern Holdings said on Thursday that they have appointed a financial adviser to review their combined stakes in United Engineers and WBL Corporation.

They have appointed Credit Suisse, the parties said in a regulatory announcement, adding: "Such strategic review is still ongoing and there is no certainty that the review will result in the completion of any transaction or other options."

sentifi.com

Market voices on:

Powered by GET.comGetCom