OCBC mulling sale of United Engineers stake again: sources

Singapore

OVERSEA-Chinese Banking Corp (OCBC) and affiliates are again weighing the sale of their stake in United Engineers Ltd, a century-old Singapore property and construction company, according to people with knowledge of the matter.

OCBC, its insurance arm Great Eastern Holdings Ltd and the bank's founding Lee family are working with an adviser to start gauging interest, the people said, asking not to be identified as the deliberations are private.