By Singapore Newsroom
NewsRise
Singapore (Jul 13) -- Singapore's Perennial Real Estate Holdings said Thursday its consortium has established a special purpose vehicle, Yanlord Perennial Investment (Singapore), to acquire 33.5% stake in United Engineers and up to 29.9% Stake in WBL Corporation for S$729.7 million ($529.77 million).
Apart from Perennial Real Estate Holdings, the consortium includes Yanlord Land Group, Kuok Khoon Hong, Wilmar International and a private investor, the property and healthcare company said in an exchange filing.
