OCBC, Great Eastern to review UE, WBL stakes with appointed adviser
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OCBC Bank and Great Eastern Holdings said on Thursday that they have appointed a financial adviser to review their combined stakes in United Engineers and WBL Corporation.
They have appointed Credit Suisse, the parties said in a regulatory announcement, adding: "Such strategic review is still ongoing and there is no certainty that the review will result in the completion of any transaction or other options."
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