SUBSCRIBERS
UE forks out S$9m to build WBL stake
Published Wed, May 23, 2018 · 09:50 PM
Singapore
THREE months after its minority shareholders foiled its buy-out bid, United Engineers (UE) has gone ahead to expand its equity holding in WBL by acquiring more than 4.3 million shares for S$9 million from OCBC Bank, its subsidiaries and independent third parties.
UE made the announcement after trading closed on Wednesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama