United Engineers


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


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.


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.


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.


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.


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.


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.


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.


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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