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.