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UOL
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the story of uol started in 2004
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ruanlai
Elite |
10-Jan-2025 07:21
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Completion of acquisition
https://links.sgx.com/FileOpen/UOL-Media%20Release.ashx?App=Announcement&FileID=830048 |
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Godwinlow
Elite |
17-Dec-2024 14:32
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Majority of my share is in Singapore land. I only own 200 share of uol just to attend next year agm to hear what uol plan for Singapore land 
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finjungle
Senior |
17-Dec-2024 10:26
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Hello Godwinlow Could one organise a group for small shareholders to meet before the next AGM to air the shortcomings of the Group? I was a lone wolf in the wilderness at Guocoland latest AGM at which the highly regarded CEO said that I was poking holes at the annual report. LOL LOL LOL
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Godwinlow
Elite |
16-Dec-2024 20:13
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It has been too long since we have high profile ouster of ceo of listed company.
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Godwinlow
Elite |
16-Dec-2024 20:11
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More than 100 investors, we can submit resolutions at agm
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Godwinlow
Elite |
16-Dec-2024 20:08
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YESSS! I think at next year agm, we should gather together can form a group to add all the minority investors to submit resolutions at agm for the benefit of shareholders 
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finjungle
Senior |
16-Dec-2024 19:59
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Most pleased to read this message. It is time for investors to wake up their senses to be better judge of their investments. One alternative is for a leader to emerge from the small holders to form a group to speak with a united voice at AGMs. Wake up, Wake up SG investors
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Godwinlow
Elite |
16-Dec-2024 19:32
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Uol shareholders should kick out wee family for disastrous results for so many years with lousy dividend. Wee family own less than 50 percent of the company. But they hold CEO, chairman position for many years. Lousy share price and dividend. Time for a change  | ||||
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pasttime
Elite |
14-Mar-2022 17:20
Yells: "peace, love, joy be upon you" |
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ya rubbish. quick quick shot it down. | ||||
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huafaster
Veteran |
14-Mar-2022 16:21
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Rubbish counter! | ||||
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pasttime
Elite |
02-Mar-2022 13:11
Yells: "peace, love, joy be upon you" |
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those were the exciting years,of straggle to control the banks. now uob chairman and board are make up quite strong and connected people so should be strong and steady. uol at current price is a bargain. the boss knows the value best. the last two buy was around $7. with 15c dividends soon, quite a safe bet for recovery of tourism and business travel from covid-19 problem. binus of additonal hotel/service apartments compared to pre covd-19 ukraine war is a worry for singapore as a small country but short term effects are limited russia and ukraine who win is already a conclusion. only how russia wants to win. hope it happens soon rather then later with min casualty. the real reason for fall un us is over price of many counters, after the reent huge corrections. some bargains has appear but many still way too expensive. some money may flow back to sgx. especially the vol/val has been higher then normal recently.   |
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chartistkao1
Supreme |
01-Mar-2022 16:34
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May 31, 2004 12:01 am ET
 
 
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TextSINGAPORE -- United Overseas Bank Ltd. Friday again rejected Temasek Holdings Pte. Ltd.' s bid for its property holding in a high-profile tussle between the family-owned bank and the state-owned investment company.
Singapore' s second-largest lender by assets said Temasek' s revised cash offer of S$2.26 (US$1.33) a share, or S$780 million (US$459.2 million), for 49% of United Overseas Land Ltd. was still too low -- despite its being 10% higher than Temasek' s initial offer of S$2.06 a share. " The board, in consultation with its financial adviser, decided to continue to consider all options that might be available to UOB in relation to its shareholding in UOL," UOB said. In response, Temasek spokeswoman Rachel Lin said " we note the UOB announcement" and decline to comment further.
Analysts said they weren' t surprised that UOB Chairman and Chief Executive Wee Cho Yaw and his board decided to snub Temasek' s bid after UOL said it decided to explore ways to " unlock shareholder value."  
UOL said Tuesday that it has formed a committee of directors to find ways of improving shareholder value at UOL and said for the first time that Temasek' s offer was lower than its revised book value of S$3.31 a share.UOL, a thinly traded property company, owns 4% of UOB, shares in other property companies, as well as a portfolio of commercial buildings and hotels. Analysts add that time is on UOB' s side as it has an additional two years to cut its noncore UOL investment to meet central-bank requirements. And they expect the billionaire Mr. Wee will want to keep control over UOL for a grip on the UOB group. Mr. Wee, who also serves as the chairman of UOL' s board, commands 21% of UOB through direct and indirect stakes held in various companies, including UOL. That could drop to 17% if UOL is sold to Temasek. UOL likely will be exploring ways to unlock the value of its UOB stake, analysts suggested, by either initiating a share buyback with UOB or selling its 4% UOB stake to institutional investors and then returning around S$1 billion in proceeds to UOL shareholders -- both of which will prevent Temasek from garnering the prized stake. UOB' s own financial adviser, Credit Suisse First Boston, has been assigned to come up with ways to sell UOL but hasn' t made its plans public. Analysts said the bank may opt to give UOB shareholders UOL stock in a share distribution, in the same way it gave out Haw Par Corp. shares in December 2002. Earlier Friday, South Korea' s Financial Supervisory Commission approved Temasek' s plan to buy an additional 6.39% in Hana Bank, a move that will give the Singapore company a total 9.99% stake in the South Korean bank and make it the bank' s largest shareholder. |
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