Perennial Real Estate confirms interest in United Engineers

SINGAPORE (June 1): Perennial Real Estate Holdings has confirmed its interest in property group United Engineers.

The statement was issued at 3.34pm in response to a Singapore Exchange query at 11am about its unusual price movements of its shares on the Mainboard.

At 10.10am, shares of United Engineers had risen by as much as 13 cents or 4.9% to $2.76. Nearly 1.6 million shares of the property, engineering and construction company changed hands. It was also among the top 20 gainers on the market.

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