OCBC might sell United Engineers stake to Thai tycoon: report

It might trigger a mandatory takeover offer for United Engg.

OCBC is in talks to sell its 34.1% stake in property and construction firm United Engineers to Thai billionaire Charoen Sirivadhanabhakdi, a report by Bloomberg revealed today.

Buying more than a 30 percent stake would trigger a mandatory takeover offer for United Engineers under Singapore rules.

United Engineers shares were halted from trading today after they jumped the most in more than four years, prompting Singapore’s stock exchange to ask the company to explain the move.

Read the article in full here.

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