Southern Capital agrees $180m Singapore engineering carve-out
Southern Capital Group has agreed to acquire a majority stake in United Engineers’ Singapore-listed engineering and construction division for S$230.2 million ($180 million) in cash.
The Southeast Asia-focused mid-market buyout firm will buy approximately 184.1 million shares in the division - known as UE E&C - from United Engineers at S$1.25 apiece, according to a regulatory filing....
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