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United Engineers, OUE in play on stake talk
Published Wed, Oct 5, 2016 · 09:50 PM
Singapore
DEVELOPER OUE said on Wednesday that it is not involved in any ongoing discussions to buy a stake in United Engineers (UE), but shares in both companies remained in play nevertheless.
On Wednesday morning, UE opened 11 cents higher at S$2.64. It then traded between S$2.69 and S$2.57 before closing at S$2.61, up eight cents or 3.2 per cent. Some 5.6 million shares worth S$14.7 million changed hands.
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