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