Hot stock: United Engineers up 5% on news of interest in OCBC, Great Eastern's stakes
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
UNITED Engineers rose 13 Singapore cents or 4.9 per cent to S$2.76 at 10.10 am on Thursday.
This was after news that OCBC and Great Eastern have received proposals from several parties for their combined stakes in United Engineers and WBL Corporation, and are evaluating these proposals and in discussions with these parties.
Nearly 1.6 million shares of the property, engineering and construction company changed hands. It was also among the top 20 gainers on the market.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
