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Stocks to watch: United Engineers, CapitaLand, k1 Ventures

Thursday, June 1, 2017 - 08:49

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United Engineers: OCBC and Great Eastern (GEH) on Thursday said that they have received proposals from several parties regarding their combined stakes in United Engineers and WBL Corporation.

"OCBC Bank and GEH are evaluating these proposals and are in discussions with such parties, and there is no certainty that any transaction will materialise or that any agreement will be entered into," they said in a statement.


CapitaLand: CapitaLand said on Thursday that it has agreed to buy Guozheng Center, a newly completed office development in Yangpu District, Shanghai, China, for 2.64 billion yuan (S$535 million).

CapitaLand will also be divesting Innov Tower, an eight-year-old office building located in Shanghai's Xuhui District, to an unrelated party at 1.56 billion yuan (S$316 million).

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k1 Ventures: Investment firm k1 Ventures has signed a redemption agreement with National Realty Trust to divest its 10.2 per cent equity interest in KUE 3 LP for about US$29 million.

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