United Engineers

PROPERTY

Local developer heads for global ranks, more deals in store for sector

SINGAPORE (Dec 20): The local property market — which was subjected to cooling measures and experienced oversupply in the past decade — may be small, but in the 2020s, a home-grown developer will r

Results

United Engineers posts 25% lower 2Q earnings of $8.3 mil on lower revenue

SINGAPORE (Aug 14): United Engineers reported 2Q19 earnings of $8.3 million, a 25% decline from $11.0 million in the same quarter last year, due primarily to a decline in revenue.

Results

United Engineers reports 16% lower 3Q earnings of $7.7 mil on revenue decline

SINGAPORE (Nov 14): United Engineers reported 16% lower 3Q18 earnings of $7.7 million, down from $9.1 million a year ago on lower revenue.

Results

United Engineers' 3Q earnings sink 92% to $10.6 mil on discontinued operations

SINGAPORE (Nov 13): Property, engineering and manufacturing group United Engineers saw its earnings tumble 92% to $10.6 million in the 3Q ended September, from $134.7 million a year ago.

M&A

Perennial, Yanlord extends UE takeover offer to Sept 12

SINGAPORE (Aug 29): Yanlord Perennial Investment (Singapore), the consortium led by Perennial Real Estate and Yanlord Land Group, have extended their takeover offer for United Engineers.

M&A

Oxley scoops up more UE shares, raises stake to 11.57%

SINGAPORE (Aug 23): Oxley Holdings now holds an 11.57% stake in United Engineers, the property development and engineering company, which is in the midst of a takeover offer.

M&A

Oxley acquires 7.11% stake in United Engineers but will not be making competing offer

SINGAPORE (Aug 4): Oxley Holdings has acquired a 7.11% stake in United Engineers which has received a takeover offer.

But Oxley says it will not be making a competing offer for UE.

Broker's Calls

Latest bid to take UE private will most likely fail, says Lim & Tan

SINGAPORE (July 14): Lim & Tan says it does not expect United Engineers to be taken private successfully in the latest offer.

M&A

Yanlord-led consortium to acquire stakes in UE, WBL Corp for up to $730 mil

SINGAPORE (July 13): A group led by Yanlord Land, together with Perennial Real Estate, is making an offer to acquire a 33.5% stake in United Engineers at $2.60 each.

M&A

Yanlord to join Perennial in bid for United Engineers

SINGAPORE (July 12): Yanlord Land Group, the China-focused developer, is partnering with Perennial Real Estate Holdings in a bid for century-old Singapore property group United Engineers, people wi

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