Oxley's Ching raises his stake in UE to 16%

By PC Lee
/ The Edge Singapore |
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (Mar 2): Oxley Holdings has raised its stake in United Engineers (UE) to 16% from 15.94%.
This follows the acquisition of some 381,700 shares in the open market for $984.2 million on Wednesday.
Oxley's chief executive Ching Chiat Kwong and deputy CEO Low See Ching hold stakes of 42.73% and 28.67% in Oxley Holdings.
Medium shot of Oxley's executive chairman and CEO, Ching Chiat Kwong
Oxley's executive chairman and CEO, Ching Chiat Kwong (Credit: Samuel Isaac Chua/The Edge Singapore)
Ching is now deemed to have a 16% interest in UE shares following the latest deal.
Last year, through several open-market purchases, Ching had been steadily increasing his indirect stake in Oxley, the last one on Dec 6 bringing its stake in UE to 15.02%.
This story, written by PC Lee for The Edge Singapore, first appeared on March 2.

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More