Great Eastern Holdings

M&A

United Engineers owners said to pick Pua's Perennial for final talks

SINGAPORE (May 31): United Engineers’ largest shareholders picked Perennial Real Estate Holdings for final talks to buy the century-old Singapore property group, people with knowledge of the matter said.

Results

1Q earnings for Great Eastern more than double to $218 mil

SINGAPORE (April 28): Insurance group Great Eastern Holdings reported 1Q17 earnings more than doubled to $217.9 million from $96.9 million a year ago.

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.

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

Update

United Engineers said to seek bids for century-old company

SINGAPORE (Jan 5): United Engineers’ largest shareholders have started formally assessing buyer interest in the century-old Singapore property group, according to people with knowledge of the matter.

SGX tops the banks; tech important for future growth in finance sector

SINGAPORE (Oct 26): DBS Group Holdings, Oversea-Chinese Banking Corp and United Overseas Bank, arguably the most closely followed stocks within the finance sector, did not come out tops in any of the three metrics by which the Billion Dollar Club companie

Stocks To Watch

SembMarine, Great Eastern, Civmec, Second Chance, Huationg Global, Sin Heng Heavy Machinery

SINGAPORE (Oct 26): Here are some factors and stocks that could move the market this Wednesday morning:

Results

Great Eastern’s 3Q earnings rise to $195 mil on disposal gain

SINGAPORE (Oct 26): Great Eastern Holdings’ 3Q16 earnings nearly tripled to $195 million from $68.4 million a year ago, boosted by a $119.9 million gain on disposal of its investment in New China Life Insurance Company.

OUE falls after saying not in talks over UE stake purchase

SINGAPORE (Oct 5): Shares of OUE are down 3 cents to $1.76 after revealing it has been approached to see if it is interested in buying a stake in United Engineers, although it says it wasn’t in talks for such a deal.
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