SUBSCRIBERS
Wearnes auto unit likely to get 4 bids
Bidders said to be Swire Pacific, M'sian car distributor, OUE, Al-Futtaim Group
Published Mon, Jun 23, 2014 · 10:00 PM
THE four parties eyeing the Wearnes group's automotive business are likely to submit their bids this week.
The interested bidders are said to be Swire Pacific, OUE, a Malaysian car distributor and Al-Futtaim Group.
The last party only threw its hat into the ring recently but is seen to be the one most able to pay United Engineers' asking price.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance