Yanlord Land revives $2.60 per share offer to buy over United Engineers

PC Lee
PC Lee10/25/2019 05:09 PM GMT+08  • 3 min read
Yanlord Land revives $2.60 per share offer to buy over United Engineers
SINGAPORE (Oct 25): Yanlord Land Group, the China-based property developer, has made an offer to pay $2.60 for each United Engineers share it does not own.
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SINGAPORE (Oct 25): Yanlord Land Group, the China-based property developer, has made an offer to pay $2.60 for each United Engineers share it does not own.

The deal values UE, one of Singapore's oldest companies with businesses in property and hospitality sectors, at $1.66 billion.

The offer price is at a discount 16.6% discount to UE’s net asset value (NAV) of $3.12 as at June 30.

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