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Southern Capital gains 81.15% control of UE E&C

Published Mon, Jan 26, 2015 · 09:50 PM

Singapore

ONE day before its offer ends, private equity firm Southern Capital (SC), which is trying to take over and privatise mechanical engineers UE E&C Ltd, on Monday announced that it has managed to secure 81.15 per cent control of the company.

This is well short of its targeted 90 per cent, raising various scenarios for the future of UE E&C's sha…

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Companies & Markets

Companies & Markets

Southern Capital gains 81.15% control of UE E&C

Companies & Markets

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

Blackstone reports 1% rise in Q1 earnings

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