United Engineers

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.

OCBC, Great Eastern say still in talks with ‘several parties’ regarding UE & WBL stakes

SINGAPORE (June 1): Oversea-Chinese Banking Corp (OCBC) and its insurance arm, Great Eastern Holdings (GEH), say they have received proposals from “several parties” regarding their combined stakes in United Engineers (UEL) and WBL Corporation.

Investing strategies

11 potential privatisation targets to go after: UOB

SINGAPORE (Mar 8): UOB Kay Hian has shortlisted a number of SGX-listed stocks as possible “go” plays for investors, with the potential to be privatised.

Stocks To Watch

Olam, UE, GLP, Sapphire, Jardine C&C, Sabana, Noble

SINGAPORE (Feb 28): Here are some stocks that could move the market this Tuesday morning.

OCBC, Great Eastern say received expressions of interests over UE and WBL stakes

SINGAPORE (Feb 10): Oversea-Chinese Banking Corporation (OCBC Bank) and Great Eastern Holdings say they have received non-binding expressions of interests over their combined stakes in United Engineers and WBL Corporation as part of the strategic review.

KKR, Samling shortlisted in bid for Singapore property group: Sources

SINGAPORE (Feb 10): KKR & Co. and Malaysian conglomerate Samling Group are among suitors shortlisted in the bidding for United Engineers, the century-old Singapore property group, people with knowledge of the matter said.

Broker's Calls

The heat is 'on' among property developers

SINGAPORE (Jan 11): Maybank Kim Eng is maintaining its “neutral” rating on the Singapore property sector as developers bare their teeth in the fight to secure new land bank for development.

Update

United Engineers says strategic review still ongoing

SINGAPORE (Jan 5): United Engineers says that the strategic review by OCBC Bank and Great Eastern Holdings of their shareholdings in UE and WBL Corporation is still ongoing, even as OCBC and GE announced on Thursday that they have jointly appointed Credit

Broker's Calls

UOB fancies UE as takeover rumours swirl

SINGAPORE (Nov 4): UOB Kay Hian is maintaining its “buy” call on United Engineers with a higher target price of $3.06 as the property group gears up for a possible sale.
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