OUE Limited

The AEI saw the addition of a dozen guest rooms to a total of 575 rooms, a revamped all-day dining area and new MICE spaces.

An “asset-right” model is the north star of OUE, as the group manages multiple income streams across real estate and healthcare.

Works include the addition of 12 guest rooms and repurposing a former restaurant space into a 352 sq m function room.

The hotel’s total inventory of 1,080 rooms is now fully operational.

The partnership will see OUE and OUELH spend about $31 million to buy its 60% stake.

The group has declared a final dividend of 1 cent per share, bringing the total dividend in the FY2021 to 2 cents per share.

OUE will release its results on Feb 24.

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).

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.

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.