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UEL shares jump as OCBC, Great Eastern review stake options
Published Tue, Sep 27, 2016 · 09:50 PM
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Singapore
SHARES in United Engineers Ltd (UEL) jumped to a 14-month high after OCBC Bank and an affiliate said that they were reviewing options for their combined stake in the century-old Singapore property and construction company.
OCBC; its insurance arm, Great Eastern Holdings Ltd; and the bank's founding Lee family are working with an adviser to start gauging interest, people familiar with the matte…
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