Singapore’s United Engineers plans rights issue

The stock drops after the property owner and developer earlier this week announces a plan to raise at least $369 million from the deal.
<div style="text-align: left;">
United Engineers' flagship property, UE Square
</div>
<div style="text-align: left;"> United Engineers' flagship property, UE Square </div>

Shares in United Engineers, a Singapore-listed property developer, have slid more than 14% since its announcement on Tuesday night that it is planning a rights issue.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media