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UEL's S$225m bond sale eight times subscribed

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Published Fri, Apr 24, 2015 · 09:50 PM

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Singapore

THE S$225 million bond sale of United Envirotech Ltd (UEL) received orders exceeding S$1.8 billion, with strong demand from institutional and private bank investors.

The bond sale comes after China's largest conglomerate Citic Ltd became a controlling shareholder with a 55 per cent stake in UEL.

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