Saturday, September 27, 2008

Lee Pineapple increasing stake in United Fiber

OCBC's founding Lee family increased its stake in the construction, property forestry and pulp company to 8.65% from 7.14%. Don't know what they see in the syock. But the purchases are providing support. Purchases by Lee Pineapple in Mediaring, failed to stem the slide. I don't see any synergy in the purchases other than for investment purposes.

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