UE E&C gets 90% stake of APG Geo-Systems

The deal was worth approximately ~S$4.9m.

According to OCBC, UE E&C has entered into a sale and purchase agreement with shareholders of APG Geo-Systems Sdn Bhd (APG) to acquire a 90% stake for RM12.3m (~S$4.9m) in cash.

Here's more from OCBC:

The selling shareholders are UED Developments Sdn Bhd (an indirectly wholly owned subsidiary of United Engineers Limited) - 60%, and three unrelated third party individuals – 30%. APG is a geo-technical foundation engineering company in Malaysia with more than 20 years of experience.

APG recorded net profit of S$292k for FY11 and its net asset value is expected to be not less than RM15m (S$6m).

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia