Overseas Union Enterprise (OUE) continues to explore options related to a possible offer for Fraser and Neave (F&N), and will clarify its intentions by Nov 15, the property developer announced on Wednesday.
OUE also said that the deadline for updating the market on its intentions came after discussions with the Securities Industry Council.
F&N is currently facing an $8.88-per-share offer from a consortium controlled by Thai tycoon Charoen Sirivadhanabhakdi. OUE first announced on Oct 19 that it was in discussions with certain parties about a possible offer.
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