United Engineers' FY16 profit rises 38% on divestment gains

27 Feb 2017 - Business Times Breaking News
UNITED Engineers on Monday reported a 38 per cent year-on-year surge in full-year net profit to S$140.6 million, lifted by a S$113.2 million gain from discontinued operations in 2016, including divestment gains of about S$123 million. The group's attributable profit on continuing operations plunged 62 ...
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Hot stock: United Engineers' shares surge amid talk of buyer interest

10 Feb 2017 - Business Times Breaking News
SHARES of United Engineers shot up by as much as 4.2 per cent to S$2.96 during mid-morning trading on Friday, prompting a query from Singapore Exchange on unusual price movements in its shares. The mainboard-listed property group then requested for a trading halt in its shares at about 10.27am - shortly ...
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KKR, Samling amongst the shortlisted in bid for United Engineers

10 Feb 2017 - Singapore Business Review
Final bids are expected to be submitted by end-March. According to a report from Bloomberg, KKR & Co. and Malaysian conglomerate Samling Group are among suitors shortlisted in the bidding for United Engineers Ltd., the century-old Singapore property group, people with knowledge of the matter said. Perennial ...
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KKR, Samling said shortlisted in United Engineers bidding

10 Feb 2017 - DealStreetAsia
KKR & Co. and Malaysian conglomerate Samling Group are among suitors shortlisted in the bidding for United Engineers Ltd., the century-old Singapore property group, people with knowledge of the matter said. Perennial Real Estate Holdings Ltd., Ascendas-Singbridge Pte and an investment vehicle of Malaysian ...
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United Engineers shareholders seek bids for the century-old company

9 Jan 2017 - Singapore Business Review
First-round bids are due by the end of January. United Engineers Ltd.’s largest shareholders have started formally assessing buyer interest in the century-old Singapore property group, a report from Bloomberg said. The major shareholders of the company, which has a market value of S$1.7 billion ($1.2 ...
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Stocks to watch: UEL, GLP, ISOTeam, Triyards, Vallianz, Cacola

6 Jan 2017 - Business Times Breaking News
THE following companies made announcements after market close on Thursday that could affect trading of their shares on Friday: UNITED Engineers Ltd (UEL), one of Singapore's most venerable property companies, is said to be on a beauty parade and has pulled in a strong line-up of suitors looking to acquire ...
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OCBC, Great Eastern to review UE, WBL stakes with appointed adviser

5 Jan 2017 - Business Times Breaking News
OCBC Bank and Great Eastern Holdings said on Thursday that they have appointed a financial adviser to review their combined stakes in United Engineers and WBL Corporation. They have appointed Credit Suisse, the parties said in a regulatory announcement, adding: "Such strategic review is still ongoing ...
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United Engineers Said to Seek Bids for Century-Old Company

5 Jan 2017 - DealStreetAsia
United Engineers Ltd.’s largest shareholders have started formally assessing buyer interest in the century-old Singapore property group, according to people with knowledge of the matter. The major shareholders of the company, which has a market value of S$1.7 billion ($1.2 billion), have been sending ...
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United Engineers' Q3 net profit skyrockets 625% to $134.7m

21 Nov 2016 - Singapore Business Review
Thanks to divestment gains from several asset sales. Even with it property business reporting a drag on performance, United Engineer's gains on the sales of UES UES Holdings and various environmental technology assets in China boosted its overall bottomline, soaring 625% to $134.7m. Its revenue was down ...
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United Engineers will be sold sooner than you think

31 Oct 2016 - Singapore Business Review
OUE, Straits Trading and Charoen are just amongst the potential buyers. United Engineers (UE) is gearing up for sale and the sale is an eventuality rather than a possibility said UOBKayHian. The research house cited four main reasons to support its view. First, UOBKayHian said that major shareholders ...
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