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                    [ArticleID] => 307414
                    [Title] => JG Summit extends UIC offer to Dec 2 due to lukewarm response
                    [Summary] => JG Summit Holdings Inc., the listed investment holding company of tycoon John Gokongwei, will extend its offer for Singapore-based property and manufacturing unit United Industrial Corp. (UIC) to Dec. 2 due to lackluster investor response.


In a disclosure to the Singapore Stock Exchange, JG Summit said it had acceptances for only 2.9 million shares, equivalent to only 0.21 percent of UIC.


It needs acceptances for 20 percent of the company for it to acquire majority control.


                    [DatePublished] => 2005-11-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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OVESEAS-CHINESE BANKING CORP

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                    [ArticleID] => 307414
                    [Title] => JG Summit extends UIC offer to Dec 2 due to lukewarm response
                    [Summary] => JG Summit Holdings Inc., the listed investment holding company of tycoon John Gokongwei, will extend its offer for Singapore-based property and manufacturing unit United Industrial Corp. (UIC) to Dec. 2 due to lackluster investor response.


In a disclosure to the Singapore Stock Exchange, JG Summit said it had acceptances for only 2.9 million shares, equivalent to only 0.21 percent of UIC.


It needs acceptances for 20 percent of the company for it to acquire majority control.


                    [DatePublished] => 2005-11-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

JG Summit extends UIC offer to Dec 2 due to lukewarm response

By Zinnia B. Dela Peña | November 19, 2005 - 12:00am

JG Summit Holdings Inc., the listed investment holding company of tycoon John Gokongwei, will extend its offer for Singapore-based property and manufacturing unit United Industrial Corp. (UIC) to Dec. 2 due to lackluster...

Business