SUBSCRIBERS
Wearnes auto unit likely to get 4 bids
Bidders said to be Swire Pacific, M'sian car distributor, OUE, Al-Futtaim Group
Published Mon, Jun 23, 2014 · 10:00 PM
THE four parties eyeing the Wearnes group's automotive business are likely to submit their bids this week.
The interested bidders are said to be Swire Pacific, OUE, a Malaysian car distributor and Al-Futtaim Group.
The last party only threw its hat into the ring recently but is seen to be the one most able to pay United Engineers' asking price.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Dasin Retail Trust trustee-manager chairman, directors deny allegations of misconduct
Microsoft adds security chiefs to product groups in wake of hacking woes
Singapore shares climb at Friday’s open; STI up 0.2%
A timeline of DBS’ recent banking glitches
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Elite Commercial Reit’s Q1 DPU down 21.2% to £0.0067