Reginal Thomas
0
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

Oversea Chinese Banking Corp. In Talks To Sell It's Stake In United Engineers To Thai Billionaire


Oversea Chinese Banking Corp. is in talks with a group closely associated with Thai billionaire Charoen Sirivadhanabhakdi, to sell its stake in United Engineers Ltd, a property firm. OCBC has a 36% stake in United Engineers. If a deal could be struck from these talks the Sirivadhanabhakdi backed group will have to take a takeover attempt for United Engineers, which has a market cap of $1.2 billion.