United Engineers   

UE building up!

Hope to see an official offer by Perennial consortium by this weekend.

lglg666      ( Date: 12-Jul-2017 22:45) Posted: It's a present surprise to see this news at this late stage for this deal. Should be considered a good development in this situation to handle UE's oversea properties. triphopper      ( Date: 12-Jul-2017 11:44) Posted: Yanlord Land Is Said to Join Perennial in United Engineers Bid Yanlord Land Group Ltd., the China-focused developer, is partnering with Perennial Real Estate Holdings Ltd. in a bid for century-old Singapore property group United Engineers Ltd., people with knowledge of the matter said. A consortium including Perennial and Yanlord plans to announce an agreement as soon as Thursday to buy Oversea-Chinese Banking Corp.&rsquo s stakes in United Engineers and its WBL Corp. subsidiary, the people said, asking not to be identified because the information is private. It then plans to make an offer for the rest of United  Engineers, the people said, asking not to be identified because the information is private.  The investor group is moving ahead with the deal after obtaining clarifications from Singapore&rsquo s takeover council on the procedures for making a simultaneous bid for the two companies, according to the people. Shares of United Engineers, Perennial and Yanlord were halted from Singapore trading Wednesday, pending announcements.  Oversea-Chinese Banking Corp. and its insurance unit said Wednesday they are in the final stages of talks with an unidentified bidder for their combined stakes in United Engineers and WBL. Buying their shareholdings would trigger a mandatory general offer for United Engineers under Singapore takeover rules.  Any deal will add to the $8.8 billion of acquisitions in the city-state&rsquo s real estate industry announced over the past 12 months, data compiled by Bloomberg show.  A buyer of United Engineers would gain a property portfolio that includes Singapore shopping centers like Rochester Mall and mixed-used developments such as UE BizHub City, as well as condominiums, hotels and serviced apartments. Representatives for OCBC, Perennial and United Engineers declined to comment, while a representative for Yanlord didn&rsquo t immediately a answer a phone call seeking comment. Source: https://www.bloomberg.com/news/articles/2017-07-12/yanlord-land-is-said-to-join-perennial-in-united-engineers-bid

 

It's a present surprise to see this news at this late stage for this deal. Should be considered a good development in this situation to handle UE's oversea properties.

triphopper      ( Date: 12-Jul-2017 11:44) Posted: Yanlord Land Is Said to Join Perennial in United Engineers Bid Yanlord Land Group Ltd., the China-focused developer, is partnering with Perennial Real Estate Holdings Ltd. in a bid for century-old Singapore property group United Engineers Ltd., people with knowledge of the matter said. A consortium including Perennial and Yanlord plans to announce an agreement as soon as Thursday to buy Oversea-Chinese Banking Corp.&rsquo s stakes in United Engineers and its WBL Corp. subsidiary, the people said, asking not to be identified because the information is private. It then plans to make an offer for the rest of United  Engineers, the people said, asking not to be identified because the information is private.  The investor group is moving ahead with the deal after obtaining clarifications from Singapore&rsquo s takeover council on the procedures for making a simultaneous bid for the two companies, according to the people. Shares of United Engineers, Perennial and Yanlord were halted from Singapore trading Wednesday, pending announcements.  Oversea-Chinese Banking Corp. and its insurance unit said Wednesday they are in the final stages of talks with an unidentified bidder for their combined stakes in United Engineers and WBL. Buying their shareholdings would trigger a mandatory general offer for United Engineers under Singapore takeover rules.  Any deal will add to the $8.8 billion of acquisitions in the city-state&rsquo s real estate industry announced over the past 12 months, data compiled by Bloomberg show.  A buyer of United Engineers would gain a property portfolio that includes Singapore shopping centers like Rochester Mall and mixed-used developments such as UE BizHub City, as well as condominiums, hotels and serviced apartments. Representatives for OCBC, Perennial and United Engineers declined to comment, while a representative for Yanlord didn&rsquo t immediately a answer a phone call seeking comment. Source: https://www.bloomberg.com/news/articles/2017-07-12/yanlord-land-is-said-to-join-perennial-in-united-engineers-bid

 

what is the next stock after this ?

 

This deal is looking better with Yanlord joining the consortium.....they will come in handy with the oversea properties esp those in mainland China. Keeping my fingers and toes crossed for their takeover offer......and then hopefully to hear other counter-bids from the competitors. 🙏

triphopper      ( Date: 12-Jul-2017 11:44) Posted: Yanlord Land Is Said to Join Perennial in United Engineers Bid Yanlord Land Group Ltd., the China-focused developer, is partnering with Perennial Real Estate Holdings Ltd. in a bid for century-old Singapore property group United Engineers Ltd., people with knowledge of the matter said. A consortium including Perennial and Yanlord plans to announce an agreement as soon as Thursday to buy Oversea-Chinese Banking Corp.&rsquo s stakes in United Engineers and its WBL Corp. subsidiary, the people said, asking not to be identified because the information is private. It then plans to make an offer for the rest of United  Engineers, the people said, asking not to be identified because the information is private.  The investor group is moving ahead with the deal after obtaining clarifications from Singapore&rsquo s takeover council on the procedures for making a simultaneous bid for the two companies, according to the people. Shares of United Engineers, Perennial and Yanlord were halted from Singapore trading Wednesday, pending announcements.  Oversea-Chinese Banking Corp. and its insurance unit said Wednesday they are in the final stages of talks with an unidentified bidder for their combined stakes in United Engineers and WBL. Buying their shareholdings would trigger a mandatory general offer for United Engineers under Singapore takeover rules.  Any deal will add to the $8.8 billion of acquisitions in the city-state&rsquo s real estate industry announced over the past 12 months, data compiled by Bloomberg show.  A buyer of United Engineers would gain a property portfolio that includes Singapore shopping centers like Rochester Mall and mixed-used developments such as UE BizHub City, as well as condominiums, hotels and serviced apartments. Representatives for OCBC, Perennial and United Engineers declined to comment, while a representative for Yanlord didn&rsquo t immediately a answer a phone call seeking comment. Source: https://www.bloomberg.com/news/articles/2017-07-12/yanlord-land-is-said-to-join-perennial-in-united-engineers-bid

 

Yes. Just read Joyce Koh's article

triphopper      ( Date: 12-Jul-2017 11:44) Posted: Yanlord Land Is Said to Join Perennial in United Engineers Bid Yanlord Land Group Ltd., the China-focused developer, is partnering with Perennial Real Estate Holdings Ltd. in a bid for century-old Singapore property group United Engineers Ltd., people with knowledge of the matter said. A consortium including Perennial and Yanlord plans to announce an agreement as soon as Thursday to buy Oversea-Chinese Banking Corp.&rsquo s stakes in United Engineers and its WBL Corp. subsidiary, the people said, asking not to be identified because the information is private. It then plans to make an offer for the rest of United  Engineers, the people said, asking not to be identified because the information is private.  The investor group is moving ahead with the deal after obtaining clarifications from Singapore&rsquo s takeover council on the procedures for making a simultaneous bid for the two companies, according to the people. Shares of United Engineers, Perennial and Yanlord were halted from Singapore trading Wednesday, pending announcements.  Oversea-Chinese Banking Corp. and its insurance unit said Wednesday they are in the final stages of talks with an unidentified bidder for their combined stakes in United Engineers and WBL. Buying their shareholdings would trigger a mandatory general offer for United Engineers under Singapore takeover rules.  Any deal will add to the $8.8 billion of acquisitions in the city-state&rsquo s real estate industry announced over the past 12 months, data compiled by Bloomberg show.  A buyer of United Engineers would gain a property portfolio that includes Singapore shopping centers like Rochester Mall and mixed-used developments such as UE BizHub City, as well as condominiums, hotels and serviced apartments. Representatives for OCBC, Perennial and United Engineers declined to comment, while a representative for Yanlord didn&rsquo t immediately a answer a phone call seeking comment. Source: https://www.bloomberg.com/news/articles/2017-07-12/yanlord-land-is-said-to-join-perennial-in-united-engineers-bid

 

Yanlord Land Is Said to Join Perennial in United Engineers Bid

Yanlord Land Group Ltd., the China-focused developer, is partnering with Perennial Real Estate Holdings Ltd. in a bid for century-old Singapore property group United Engineers Ltd., people with knowledge of the matter said.

A consortium including Perennial and Yanlord plans to announce an agreement as soon as Thursday to buy Oversea-Chinese Banking Corp.&rsquo s stakes in United Engineers and its WBL Corp. subsidiary, the people said, asking not to be identified because the information is private. It then plans to make an offer for the rest of United  Engineers, the people said, asking not to be identified because the information is private. 

The investor group is moving ahead with the deal after obtaining clarifications from Singapore&rsquo s takeover council on the procedures for making a simultaneous bid for the two companies, according to the people. Shares of United Engineers, Perennial and Yanlord were halted from Singapore trading Wednesday, pending announcements. 

Oversea-Chinese Banking Corp. and its insurance unit said Wednesday they are in the final stages of talks with an unidentified bidder for their combined stakes in United Engineers and WBL. Buying their shareholdings would trigger a mandatory general offer for United Engineers under Singapore takeover rules. 

Any deal will add to the $8.8 billion of acquisitions in the city-state&rsquo s real estate industry announced over the past 12 months, data compiled by Bloomberg show.  A buyer of United Engineers would gain a property portfolio that includes Singapore shopping centers like Rochester Mall and mixed-used developments such as UE BizHub City, as well as condominiums, hotels and serviced apartments.

Representatives for OCBC, Perennial and United Engineers declined to comment, while a representative for Yanlord didn&rsquo t immediately a answer a phone call seeking comment.
Source: https://www.bloomberg.com/news/articles/2017-07-12/yanlord-land-is-said-to-join-perennial-in-united-engineers-bid

 

REAL estate developer Yanlord Land Group has requested for a trading halt of its shares on Wednesday morning before market open. The Singapore Exchange mainboard-listed entity had last said in July that it is acquiring Greens Investments, which owns property development and management entities in Zhuhai, China, for 600 million yuan (S$122.2 million). Yanlord Land's counter closed lower by 1.5 Singapore cents, or 0.86 per cent on Tuesday at S$1.725.

FATABA      ( Date: 12-Jul-2017 08:48) Posted: Maybe they call in Yanlord to partner part of the takeover.  Perrennial dont hv so much cash FATABA      ( Date: 12-Jul-2017 08:37) Posted: Perrennial also halt ....

 

 

Guess which counter most of the retail investors vested in UE will place their bets next ? 

Any recommended counters ?

 

o halted already.hope they have good news for all vested.
creating a new up wave for those doing review if price is good.

 

So exciting. Have been praying for good news since i posted to here yst. As long sold for a good price, everyone will be happy. :)

 

BT

OCBC, GREAT EASTERN, UNITED ENGINEERS, PERENNIAL REAL ESTATE: One bidder has been shortlisted to take over Oversea-Chinese Banking Corporation Limited (OCBC) and Great Eastern Holdings Limited's combined stakes in United Engineers Limited (UEL) and its subsidiary WBL Corp Ltd, the pair said in a release to the Singapore Exchange before market open on Wednesday.

Though the bidder was not named, Perennial Real Estate, which has said in early June that it had submitted a proposal, requested for a trading halt on Wednesday morning, at about the same time as OCBC, Great Eastern and UEL's requests for trading halts. All four are mainboard-listed companies.

 

Maybe they call in Yanlord to partner part of the takeover.  Perrennial dont hv so much cash

FATABA      ( Date: 12-Jul-2017 08:37) Posted: Perrennial also halt ..... Observers      ( Date: 12-Jul-2017 08:35) Posted: Yanlord certainly has a lot of cash

 

3 also ok la :)

lglg666      ( Date: 12-Jul-2017 08:40) Posted: Power 👍 I also love to see that too. tanakow      ( Date: 12-Jul-2017 07:48) Posted: No $4 no sell

 

Power 👍 I also love to see that too.

tanakow      ( Date: 12-Jul-2017 07:48) Posted: No $4 no sell

 

Perrennial also halt .....

Observers      ( Date: 12-Jul-2017 08:35) Posted: Yanlord certainly has a lot of cash. CraigFoo      ( Date: 12-Jul-2017 07:59) Posted: Yanlord also halted. Not sure it's linked to this thou

 

Yanlord certainly has a lot of cash.

CraigFoo      ( Date: 12-Jul-2017 07:59) Posted: Yanlord also halted. Not sure it's linked to this thou

 

Very UNusual ..in OCBC and GE input....the transaction is NOT going to have any financial impact on them ?  ( wonder why? )
​ dont tell me a share swop or no direct financial gain ....cant be .

joshlai86      ( Date: 12-Jul-2017 08:18) Posted: It is likely. The announcement timing is around same time as UE and Perennial. CraigFoo      ( Date: 12-Jul-2017 07:59) Posted: Yanlord also halted. Not sure it's linked to this thou

 

It is likely. The announcement timing is around same time as UE and Perennial.

CraigFoo      ( Date: 12-Jul-2017 07:59) Posted: Yanlord also halted. Not sure it's linked to this thou

 

Finally...:)