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Revisions

UE's property portfolio a treasure trove for potential buyers

Broker's Calls

UE's property portfolio a treasure trove for potential buyers

Benjamin Cher Published on Thu, Oct 13, 2016 / 1:30 PM GMT+8

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SINGAPORE (Oct 13): DBS Research is maintaining a target price of $2.75 on United Engineers (UE) on news that OCBC and Great Eastern is mulling a sale of their collective 32% stake in the engineering developer, which will trigger a mandatory general offer.

(See also: OCBC and Great Eastern confirm reviewing options with United Engineers stake)

(See also: OUE says group approached to purchase UE shares but is not in talks)

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