Oxley rules out bidding for UEL despite owning 14% stake
CEO Ching Chiat Kwong reiterates that he has no offer plans for now and that the holding is just an investment
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Singapore
OXLEY Holdings has reiterated that it has no plans to make a bid for United Engineers (UEL) even though it has already accumulated about 14 per cent of the company in the last few months.
The confirmation was in response to a query from The Business Times, following the lapse of the offer by Perennial Real Estate Holdings and Yanlord Group.
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