The Business Times
business-time-50
SUBSCRIBERS

OCBC mulling sale of United Engineers stake again: sources

google-preferred-sourceAdd BT as a preferred source
Published Mon, Sep 26, 2016 · 09:50 PM

Singapore

OVERSEA-Chinese Banking Corp (OCBC) and affiliates are again weighing the sale of their stake in United Engineers Ltd, a century-old Singapore property and construction company, according to people with knowledge of the matter.

OCBC, its insurance arm Great Eastern Holdings Ltd and the bank's founding Lee family are working with an adviser to start gauging interest, the people said, asking not to be identified as the deliberations are private.

OCBCunited engineers

TRENDING NOW

The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

Shanda co-founder sells Tanglin Hill bungalow for S$76 million

The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

Beyond structural portfolio shifts, the study highlighted paradoxes regarding intergenerational wealth planning and succession.

Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study

Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More