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Perennial-Yanlord bid for UE is 'fair': adviser

Holders of UE common stock and preference shares should accept consortium's offers unless they can get a better price on the open market, says SAC Capital

Singapore

THE takeover bid for United Engineers (UE) by a consortium led by Perennial Real Estate Holdings and Yanlord Land Group is "fair and reasonable", the independent financial adviser to the independent directors said in a report.

Holders of UE's common stock and preference

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