KKR, Samling amongst the shortlisted in bid for United Engineers

Final bids are expected to be submitted by end-March.

According to a report from Bloomberg, KKR & Co. and Malaysian conglomerate Samling Group are among suitors shortlisted in the bidding for United Engineers Ltd., the century-old Singapore property group, people with knowledge of the matter said.

Perennial Real Estate Holdings Ltd., Ascendas-Singbridge Pte and an investment vehicle of Malaysian tycoon Lee Ming Tee were also invited to start due diligence, according to the people. Final bids for United Engineers, which has a market value of S$1.9 billion ($1.3 billion), are expected to be submitted around the end of March, the people said, asking not to be identified because the information is private.

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