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Corporate digest

Published Fri, Aug 4, 2017 · 09:50 PM

Oxley Holdings

OXLEY Holdings has bought 45.3 million shares, or a 7.11 per cent stake, in United Engineers Ltd (UEL) for about S$120.3 million in the open market. Oxley said on Friday the acquisition was undertaken as part of its investments in income-generating assets. Yanlord Land and Perennial Real Estate are leading a group to acquire UEL and a stake in its holding company WBL Corp for S$1.8 billion.

Far East Hospitality Trust

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