You are here


Perennial CEO 'not disappointed' offer for UEL did not go through

It was never consortium's intent to gain full ownership of the company, he says

Yanlord-Perennial consortium had no choice but to make an offer for UEL because of its purchase of OCBC's approximately one-third stake in the company, says Mr Pua.


PERENNIAL Real Estate Holdings chief executive Pua Seck Guan said he is "not disappointed" that the Yanlord-Perennial consortium's offer for United Engineers (UEL) did not go through, as it was never its intent to gain full ownership of the target company to begin with.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to