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UE said to be in final stages of Wearnes Auto sale

Property company is itself in play, divesting its non-core assets

AFTER looking for some time for the right buyer, property and engineering conglomerate United Engineers (UE) is reportedly close to selling its automotive business, Wearnes, for as much as S$450 million.

The company has been divesting non-core assets. UE said earlier in August that it is