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UE forks out S$9m to build WBL stake

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Published Wed, May 23, 2018 · 09:50 PM

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Singapore

THREE months after its minority shareholders foiled its buy-out bid, United Engineers (UE) has gone ahead to expand its equity holding in WBL by acquiring more than 4.3 million shares for S$9 million from OCBC Bank, its subsidiaries and independent third parties.

UE made the announcement after trading closed on Wednesday.

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