Oxley sticks a foot in the door at UE AGM

Singapore

THE Oxley duo made a surprise appearance at the annual shareholder meeting of United Engineers (UE) on Thursday, where they appealed for a director's seat on the board recently instated by the chiefs of Perennial Real Estate and Yanlord Land.

Oxley became a substantial shareholder in UE last August, after the Yanlord Perennial consortium bought a 33.5 per cent stake in the company (now 34.87 per cent). Oxley owns 16.56 per cent of UE.

It was not part of the meeting agenda, but Oxley Holdings chairman and chief executive Ching Chiat Kwong addressed the board at UE Convention Centre nonetheless. Citing Oxley's extensive real estate experience, he asked the board to reconsi…