Yanlord Land Group

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.

Results

Yanlord Land 1H earnings more than double to $286 mil

SINGAPORE (Aug 14): Yanlord Land Group posts earnings of RMB 1.40 billion ($285.6 million) for the 1H ended June, more than double from earnings of RMB 584.1 million a year ago.

Broker's Calls

Latest bid to take UE private will most likely fail, says Lim & Tan

SINGAPORE (July 14): Lim & Tan says it does not expect United Engineers to be taken private successfully in the latest offer.
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