UE in talks to sell UE E&C stake
No bidding agreement yet, says bosses.
According to OSK, UE has revealed that it is in discussions with third party on the sale of its UE E&C stake, however it may not lead to a general offer and no binding agreement has been reached.
There is no assurance or certainty that these discussions will result in any transaction. UE E&C shares have been trending up since February and last closed at SGD1.225 yesterday.