You are here

UEL's cash offer for WBL a 'cautious, risk-management approach'

UE offers to pay S$2.07 per share for the WBL shares it does not already own; report says deal is positive and will up valuations


BY using United Engineers (UE) to make a cash offer for WBL, the Yanlord Perennial consortium which took control of UE and bought a small stake in WBL in July appears to be taking a more cautious approach to its recent investment.


BT is now on Telegram!

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