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Oxley raises stake in UE to 10.43% despite saying no counter bid

M&A

Oxley raises stake in UE to 10.43% despite saying no counter bid

PC Lee Published on Thu, Aug 17, 2017 / 11:28 AM GMT+8

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SINGAPORE (Aug 17): CEO Ching Chiat Kwong of Oxley Holdings has continued scooping up shares of United Engineers despite saying he does not plan to make a competing offer.

See: Oxley acquires 7.11% stake in United Engineers but will not be making competing offer

UE is in the midst of a takeover bid by a consortium led by Perennial Real Estate Holdings and Yanlord Land Group.