Oversea-Chinese Banking Corporation Limited (SGX:O39) and Great Eastern Holdings Limited (SGX:G07) (GEH) say they have received proposals from “several parties” regarding their combined stakes in United Engineers Limited (SGX:U04) (UEL) and WBL Corporation Limited. The duo stressed that they are still in the midst of evaluating these proposals and are in discussions with such parties and there is no certainty that any transaction will materialise or that any agreement will be entered into, say the two in a joint release issued on June 1, 2017. OCBC Bank and GEH are undergoing a strategic review encompassing their combined stakes in UEL and WBL.