You are here

Hot stock: United Engineers up 3.2% to S$2.61

Wednesday, October 5, 2016 - 10:40

12_5978619 - 04_04_2007.jpg

PROPERTY play United Engineers, said to be pursued by Riady-backed OUE Ltd, rose 3.2 per cent or eight cents to S$2.61 on Wednesday morning. The Singapore Exchange has also queried the firm on its trading activity

By 10.17am, over two million shares worth S$5.5 million have been traded.

The counter had opened 11 cents higher at S$2.64. On Tuesday, reports said OUE was interested in the firm. OCBC bank and its insurance arm Great Eastern Holdings have said they were reviewing their stakes in United Engineers.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom