SINGAPORE (Aug 4): Oxley Holdings has acquired a 7.11% stake in United Engineers which has received a takeover offer.

But Oxley says it will not be making a competing offer for UE.

The property group announced this morning it scooped up 45.3 million UE shares at $120.3 million in the open market.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook