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United Engineers queried by SGX

Hot Stock

United Engineers queried by SGX

Benjamin Cher Published on Wed, Oct 05, 2016 / 11:17 AM GMT+8

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SINGAPORE (Oct 5): Unusual price movements in the shares of United Engineers have prompted the Singapore Exchange to ask the property services firm for an explanation.

UE, which closed higher in the last two sessions, rose as much as 4.7% to $2.65 in the morning session.

The query comes after Bloomberg reported OUE, backed by the billionaire Riady family, plans to pursue a stake in UE.

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