OUE's gains surge 19.7% to S$23.8m

8 Nov 2012 - Singapore Business Review
Its property investments are good cash cows. According to a release, OUE net profit grows 19.7% in 3Q2012 to S$23.8 million. SGX Mainboard-listed integrated property developer Overseas Union Enterprise Limited reported a net profit of S$23.8 million on the back of S$102.0 million in revenues for its ...
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OUE 'serious' about making a counter-offer for F&N

8 Nov 2012 - Singapore Business Review
We'll find out by November 15. According to Nomura, as the offer from TCC for Fraser and Neave (F&N) is due to expire tomorrow, OUE has issued a statement saying that it will by 15 November either announce a firm intention to make an offer for F&N, or declare its intention not to make an offer for the ...
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OUE, Kirin, TCC scramble for a bidding showdown

22 Oct 2012 - Singapore Business Review
Everyone's got their game faces on. According to CIMB, OUE is believed to be preparing to bid for F&N together with Kirin, according to a Reuters report. Here's more from CIMB: If this offer materialises, it will mean the start of a bidding war, with TCC expected to counter offer. If TCC loses, Thai ...
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OUE mulls over buying F&N shares

19 Oct 2012 - Singapore Business Review
When will the bidding ever stop? In a statement, Overseas Union Enterprise notes that it has received a number of queries from various parties as to its intention with respect to Fraser and Neave. OUE wishes to state that it is in discussions with certain parties and is considering all options with respect ...
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OUE's mysterious potential partner for F&N bid revealed

19 Oct 2012 - Singapore Business Review
It's Japan's Kirin Holdings, says Reuters. According to a Reuters report, OUE is in early talks with Japanese company Kirin Holdings for a takeover bid for Fraser & Neave. But Kirin spokesman Hajime Kawasaki declined to comment. Read more here.
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OUE refutes reports on Mandarin Orchard Singapore, Mandarin Gallery sale

20 Sep 2012 - Singapore Business Review
No decision was made on the sale of the two properties. Here is the clarification issued by OUE: The Board of Directors of Overseas Union Enterprise Limited (the “Company”) wishes to clarify certain reports published by Business Times and Bloomberg today regarding the potential sale of Mandarin Orchard ...
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Here’s how OUE office spaces are priced

13 Aug 2012 - Singapore Business Review
DBS Towers is the cheapest of the three topnotch commercial buildings at $5.70 psf/month. Here’s a takeaway at OUE’s analyst briefing according to MayBank kimEng: OUE bayfront and DBS Towers have passing rents of SGD10.39 psf/mth and SGD 5.70 psf/mth respectively. Occupancy stood at 85.9% and 94.6% respectively. ...
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OUE reveals somebody wants to buy One Raffles Place Tower 2 for $2,600pf

13 Aug 2012 - Singapore Business Review
Is the management biting the purchase offer? According to MayBank KimEng analyst Ong Kian Lin which attended Oversearseas Union Enterprise analyst 2Q12 results briefing on 8 Aug 2012, Management pointed out that it has received purchase offers for ORP T2 at SGD2,600 psf but it is unlikely to accept as ...
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OUE profit down 92% to S$21.7m

9 May 2012 - Singapore Business Review
To blame is the absence of fair value gains in the first quarter of 2012. Overseas Union Enterprise Limited said that in the same period in 2011, the company recorded a substantial fair value gain of S$249.2 million on its investment properties. The Group achieved a net profit of S$21.7 million in 1Q2012, ...
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