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Yanlord Investment (Singapore) Revises Preference, Ordinary Share Offer Price to UEL
United Engineers Ltd Posts Qtrly Profit Attributable S$84.8 Million
United Engineers Says Qtrly Profit Attributable S$7.8 Mln
United Engineers Limited is a Singapore-based holding company. The Company, through its subsidiaries, is engaged in the business of property rental and hospitality, property development, engineering and distribution, as well as manufacturing. The Company has developed a range of buildings in Singapore landscape, including orchardgateway, UE BizHub CITY, UE BizHub EAST, as well as the mixed-use development at one-north comprising The Rochester, Rochester Mall and Park Avenue Rochester. It also owns shopping malls, which comprises Rochester Mall, The Seletar Mall and UE Square Shopping Mall, as well as manages the Park Avenue chain of hotels, serviced apartments, serviced offices and convention center.
Real Estate Operations
12 Ang Mo Kio Street 64
#01-01 Ue Bizhub Central
Sheng Jian Zhong
Executive Chairman of the Board
Chee Keong Tan
Group Chief Financial Officer, Group Managing Director, Executive Director
Chief Executive Officer- Engineering, Manufacturing & Distribution (EMD) Division
Fook Cheong Tang
Managing Director - Environmental Engineering Division
General Manager- Hospitality Division
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China-based property developer Yanlord Land Group <YNLG.SI> is making a second attempt to take over Singapore's United Engineers Ltd <UTES.SI>, in a deal that values the real estate firm at S$1.66 billion ($1.2 billion).
A plan to acquire Singapore's United Engineers Ltd <UTES.SI> by Yanlord Land Group <YNLG.SI> and Perennial Real Estate Holdings <PERE.SI> that valued the century-old property group and a stake in a subsidiary at $1.4 billion has failed on low shareholder acceptance.
China-based Yanlord Land Group and Perennial Real Estate Holdings said on Tuesday their more than $1 billion offer for a stake in Singaporean property firm United Engineers had lapsed.
* Conditional cash offer for United Engineers Limited closed at 5:30 p.m on 19 September 2017 Source text for Eikon: Further company coverage:
* On 16 August 2017 acquired shares of United Engineers Ltd resulting in co holding 10.43% of total issued shares of UEL Source text for Eikon: Further company coverage:
* Acquired an aggregate of 45.3 million ordinary shares in United Engineers Limited
Singapore's Oversea-Chinese Banking Corporation (OCBC) <OCBC.SI> and its insurance arm are selling their stakes in property firm United Engineers <UTES.SI> and a subsidiary to a group led by China's Yanlord Land Group <YLNG.SI> and Perennial Real Estate Holdings <PERE.SI>.
* Perennial Leads Consortium with Yanlord to acquire 33.5 pct stake in United Engineers and up to 29.9 pct stake in WBL Corp
Oversea-Chinese Banking Corporation and Great Eastern Holdings :
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