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OCBC, Great Eastern say in final talks with shortlisted UE and WBL bidder; Perennial calls for trading halt

M&A

OCBC, Great Eastern say in final talks with shortlisted UE and WBL bidder; Perennial calls for trading halt

PC Lee Published on Wed, Jul 12, 2017 / 8:50 AM GMT+8

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SINGAPORE (July 12): Oversea-Chinese Banking Corporation (OCBC) and Great Eastern (GEH) this morning jointly announced they are in final stages of discussions with a shortlisted bidder regarding their combined stakes in United Engineers and WBL Corp.

But the companies say no agreement has been entered into with the shortlisted bidder.

Meanwhile, Perennial Real Estate Holdings and UE have called for a trading halt this morning.

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