SINGAPORE (Oct 5): Unusual value developments in the shares of United Engineers have provoked the Singapore Exchange to approach the property benefits firm for a clarification.
UE, which shut everything down the last two sessions, ascended as much as 4.7% to $2.65 in the morning session.
The question comes after Bloomberg reported OUE, upheld by the very rich person Riady family, wants to seek after a stake in UE.
This takes after a prior declaration that OCBC Bank, its establishing Lee family and the bank's protection arm Great Eastern Holdings were doing a "vital audit" of their 30% UE stake.
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