Intraco / Hanwell

Intraco / Hanwell: Tycoon Oei Hong Leong has called off talks to buy a substantial stake in Intraco after he failed to secure promises of support from the major shareholders of Hanwell Holdings. This will deprive Intraco shareholders of a potential 70c/share general offer from Mr Oei, who had initially said that he would offer to take the co private if he could acquire the Hanwell bloc.