United Engineers (UE)

SINGAPORE (Nov 25): Oxley Holdings has thrown in the towel in its bid for a stronger say in United Engineers, ceding ground to Yanlord Land Group, which has gained tighter control as a result.

SINGAPORE (Nov 4): On Oct 25, Yanlord Land Group announced that it had acquired the 51% in Yanlord-Perennial Investment (Singapore) that it did not own and renamed the company Yanlord Investment (Singapore). Of this 51%, 45% belonged to Perennial Real ­E

SINGAPORE (Oct 29): OCBC Investment Research believes Yanlord Land Group’s mandatory general offer for all the shares in United Engineers (UE) that it does not hold is “unlikely to gain many acceptances”.

SINGAPORE (Oct 25): Yanlord Land Group, the China-based property developer, has made an offer to pay $2.60 for each United Engineers share it does not own.

SINGAPORE (Oct 28): After The Edge Singapore went to press on Oct 24, an announcement was due to be made on a transaction involving United Engineers. Yanlord Land, Perennial Real Estate Holdings and UE had announced a trading halt on Oct 22. An analyst wh

SINGAPORE (July 15): Towards end-June, a long-term United Engineers shareholder who has held his shares for more than 15 years, lamented the condition of UE BizHub City, the former UE Square, on Clemenceau Avenue.

SINGAPORE (Feb 26): United Engineers, the property, engineering and manufacturing group, reported a 36% fall in FY18 earnings to $55.8 million, 8.7 cents per share, from restated FY17 earnings of $87.18 million.

SINGAPORE (May 8): CGS-CIMB Securities is retaining United Engineers at “add” given an operationally stronger 1Q18, lower losses in China and higher engineering & distribution contribution.

SINGAPORE (May 7): United Engineers reported a 3% rise in 1Q18 earnings to $9.0 million compared to $8.72 million in 1Q17.

SINGAPORE (Apr 2): United Engineers can now focus on operational growth, says CIMB, following the completion of the recent takeover exercise.