Deals
OCBC in Talks With Thai Billionaire on United Engineers
This article is for subscribers only.
Oversea-Chinese Banking Corp. and its insurance subsidiary are in exclusive talks to sell their stakes in Singapore’s United Engineers Ltd. and its WBL Corp. unit to Thailand’s richest man.
The discussions started yesterday and will expire six weeks after Thai billionaire Charoen Sirivadhanabhakdi’s TCC Top Enterprise Ltd. begins due diligence on the companies, according to a filing to Singapore’s stock exchange by OCBC and its Great Eastern Holdings Ltd. unit today.