Oxley's stake in United Engineers climbs to 10.4%

UE is currently in the midst of a takeover bid by a consortium.

Oxley Holdings (Oxley) acquired a 10.4% stake in United Engineers (UE) through open-market purchases. The former previously announced that it had acquired a 7.11% stake in UE for a consideration of $120.3m.

According to KGI, UE is in the middle of a takeover bid by a consortium led by Perennial Real Estate Holdings (PREH) and Yanlord Land Group (Yanlord).

SAC Capital said in a report that it considered the offer price of $2.60 per common share and $2.60 per preference share "fair and reasonable."

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