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UE E&C bidder cracks holdout, garnering stake of 92.61%

Substantial shareholder Singapore Tong Teik has either fully or partially sold its 9.2% interest
Wednesday, January 28, 2015 - 05:50

Singapore

PRIVATE equity firm Southern Capital has garnered a stake of 92.61 per cent in UE E&C, paving the way for it to compulsorily acquire the rest of the engineering and construction company.

The offeror's late announcement on Tuesday meant that it had acquired an

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