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OUE Limited
Results
OUE's 1Q earnings remain at $1 mil mark upon adoption of new reporting standards
SINGAPORE (May 13): OUE Limited has reported a profit attributable to shareholders of $1 million for 1Q19, unchanged from a year ago despite growth in earnings before interest and tax (EBIT).
May 13, 2019
M&A
United Industrial Corp raises stake in Marina Centre to 77.34% with $675.3 million deal
SINGAPORE (April 13): United Industrial Corporation (UIC), a subsidiary of UOL Group, is acquiring a further 24.27% stake in its 53.07%-owned indirect subsidiary Marina Centre Private Holdings (MCH) for $485.3 million to be paid in cash.
April 13, 2019
Property
Healthway Medical signs rental leases worth $2 mil with OUE subsidiary
SINGAPORE (Dec 4): Healthway Medical Group (HMG) has signed $2 million worth of leases with Alkas Realty to lease two units located at 61A Shenton Way for a period of five years.
December 04, 2018
Corruption probe
Contagion fears from Lippo probe spread to Singaporean bonds
(Nov 26): An investigation into troubled Indonesian property developer PT Lippo Karawaci, controlled by Southeast Asia’s billionaire Riady family, is reverberating in the Singapore bond market.
November 26, 2018
5 named winners of EY Entrepreneur of the Year 2018
SINGAPORE (Sept 10): Professional services organisation EY today announced the five recipients of its 17th EY Entrepreneur of the Year (EOY) 2018 Singapore awards. They are:
September 11, 2018
Broker's Calls
Sector tailwinds position OUE favourably for 2018
SINGAPORE (Feb 27): OCBC is reiterating its “buy” recommendation on OUE with a $2.28 fair value estimate following the group’s results announcement last Friday.
February 27, 2018
Healthway Medical to lease OUE Downtown 2 units from OUE subsidiary
SINGAPORE (Dec 1): Healthway Medical Corporation (HMC) has signed a master lease agreement with Alkas Realty, a wholly-owned subsidiary of OUE Limited, to lease units #10-09 and #10-09A of OUE Downtown 2 at Shenton Way for office use.
December 01, 2017
Results
OUE 2Q earnings sink 73% to $7 mil on lower reversal of impairment losses
SINGAPORE (Aug 3): Property group OUE has announced earnings of $7.1 million for the 2Q17 ended June, down 72.6% from $25.7 million in 2Q16 mainly due to a lower reversal of impairment losses on OUE Twin Peaks
August 03, 2017
OUE appoints Oakwood to manage OUE Downtown serviced residences
SINGAPORE (Oct 7): Real-estate owner, developer and operator Overseas Union Enterprise (OUE) Limited has signed a management agreement which will see Oakwood Asia Pacific, a division of Oakwood Worldwide, running the new serviced residents at the upcoming
October 07, 2016