United Engineers Q3 profit lifted by S$65.2 million net revaluation gain

11 Nov 2019 - The Business Times
REVALUATION gains from four investment properties lifted United Engineers' (UE) net profit to S$84.8 million in the third quarter, up from S$7.7 million in the same period a year earlier. Excluding the net revaluation gain of S$65.2 million, net profit would have been S$19.6 million, an increase of 156 ...
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Yanlord's UEL takeover at risk of tepid shareholder response

30 Oct 2019 - Singapore Business Review
The offer price of $2.60 apiece is lower than the latter’s closing price of $2.62. The acceptance rate for Yanlord’s proposed acquisition of United Engineers Ltd’s (UEL) shares “would be low,'' as Perennial UW and Heng Yue had expressed intentions to dispose their stakes in UEL, according to an analyst ...
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Yanlord Land revives $2.60 per share offer to buy over United Engineers

25 Oct 2019 - The Edge Markets
SINGAPORE (Oct 25): Yanlord Land Group, the China-based property developer, has made an offer to pay $2.60 for each United Engineers share it does not own. The deal values UE, one of Singapore's oldest companies with businesses in property and hospitality sectors, at $1.66 billion. The offer price is ...
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Market chatter suggests Yanlord is poised to make a general offer for United Engineers

25 Oct 2019 - The Edge Markets
SINGAPORE (Oct 28): After The Edge Singapore went to press on Oct 24, an announcement was due to be made on a transaction involving United Engineers. Yanlord Land, Perennial Real Estate Holdings and UE had announced a trading halt on Oct 22. An analyst who does not cover any of the three companies reckons ...
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United Engineers converts $333m loan to green home development loan

7 May 2019 - Singapore Business Review
It will be used to develop a Dairy Farm road parcel into a green residential property. United Engineers has converted a $333m loan into one of the region’s first green loans for a residential property in Asia, an announcement revealed. The firm first secured the loan in 2018 from DBS Bank, Oversea-Chinese ...
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