Yanlord Land Group

Marco Polo Marine proposes restructuring scheme to get out of troubled waters

SINGAPORE (Nov 9): Troubled offshore services provider Marco Polo Marine has signed conditional investment agreements to raise $60 million from nine investors as part of a restructuring exercise.

Investing strategies

Singapore family-owned firms deliver greatest share price returns in Asia Pacific ex-Japan: Credit Suisse

SINGAPORE (Oct 26): Singapore family-owned companies delivered the greatest relative returns in share price of 7% compared to non-family-owned companies in Asia Pacific ex-Japan, and higher than the regional average of 3%, says a Credit Suisse research.

Property

Yanlord Land units acquire stakes in 2 China property firms for RMB 1.64 bil

SINGAPORE (Oct 25): Yanlord Land Group announced Wednesday that two of its wholly-owned subsidiaries have acquired stakes in two property development firms in Hangzhou, China for a total cash consideration of RMB 1.64 billion ($337 million).

Yanlord-Perennial offer for United Engineers lapses

SINGAPORE (Sept 20): United Engineers will remain listed after an offer to take the century-old property group private failed.

Would lowball UE takeover offer have galled Singapore’s pineapple king?

(Sept 13): If he were alive today, the rubber and pineapple king of 1930s Singapore would surely be asking whether the custodians of his empire just sold another chunk of it too cheaply.

United Engineers appoints Yanlord, Perennial CEOs as new directors

SINGAPORE (Sept 12): United Engineers (UE) on Tuesday announced the appointment of Zhong Sheng Jian and Pua Seck Guan as its new directors.

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 raises stake in UE to 10.43% despite saying no counter bid

SINGAPORE (Aug 17): CEO Ching Chiat Kwong of Oxley Holdings has continued scooping up shares of United Engineers despite saying he does not plan to make a competing offer.

Broker's Calls

Lim & Tan expects takeover bid to fail, keeps United Engineers at ‘hold’

SINGAPORE (Aug 16): Lim & Tan Securities is maintaining its “hold” recommendation on United Engineers as it does not expect the takeover offer to succeed.
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