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Perennial CEO 'not disappointed' offer for UEL did not go through

It was never consortium's intent to gain full ownership of the company, he says

Yanlord-Perennial consortium had no choice but to make an offer for UEL because of its purchase of OCBC's approximately one-third stake in the company, says Mr Pua.


PERENNIAL Real Estate Holdings chief executive Pua Seck Guan said he is "not disappointed" that the Yanlord-Perennial consortium's offer for United Engineers (UEL) did not go through, as it was never its intent to gain full ownership of the target company to begin with.

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