Chitchat United Engineering shares

johnny333

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Anyone own United Engineering shares? Seems that there is an offer to buy shares which are owned by mom/pop owners for $2.60.

Is this a fair price? I've read that the current market price is $2.67. They are rumoured to be involved in the high speed rail between Spore & KL.

Seems to me that $2.60 is not a good price because it is less than the current price. However can they force share holders to sell at $2.60?
 
So no one has investments in United?

I'm not that surprised because I have my doubts about the local market. Seems that some PRC chinese company is interested in buying into this company.
 
lampar one maxim: avoid placing any bets on sg companies or the sg exchange.
 
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