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181-200 of 1912
Ya, quite resilient in this depressing market
serious ( Date: 23-Nov-2018 12:07) Posted:
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More than 6m crossed deal something must be up ?
1.8m shares married deal @2.51 .
Yes. Can long at 2.4x.
Lastl time it bounced from 2.4x.
Lastl time it bounced from 2.4x.
bought some at 2.48 , can sell to Oxley or Yanlord/Per later at 2.60 and above .
How Yanlord Perennial can "play" with Ching and Oxley.
1. UE call for Rights Issue.
2. Ask Oxley to come out with more $ and cash. Yanlord Perennial will subscribe for the rights too . If Oxley dont subscribe, Oxley holding gets diluted.
3. After Rights Issue, do selective Asset Stripping at UE.
4. After that, Yanlord Perennial do some Asset Injection into UE in exchange for more Equity + some cash from UE.
5. This will further dilute Oxley stake in UE.
There are of course many other ways to "play with".
Shhh.... not too loud...wait for news....
desmodeus ( Date: 06-Oct-2018 13:50) Posted:
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Ching Chiat Kwong now has a deemed interest of 20%+
interesting times ahead
The previous offeror nv hv intention to delist, only increase in stakes
tonylim ( Date: 04-Oct-2018 08:00) Posted:
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Any chance of this trying again to go private after wheelock?
tonylim ( Date: 01-Jun-2018 08:11) Posted:
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I think it is coming soon
desmodeus ( Date: 01-Jun-2018 00:06) Posted:
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Breakout with stRong value. Look like Yanlord going for 50% holding. 3.50 is a strong possibility
Me too. Waiting for it to cross $3
desmodeus ( Date: 22-May-2018 20:52) Posted:
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matter of time, one big move....
The RSI is rising and in the bullish zone with the MACD also moving higher. On watch for clear above 2.82.
Oxley and Yanlord competing to mop up shares. No $3 no sell
UE doing well remember Yanlord and Kuok Perennial benefit too : )
Something brewing up quietly
goldeneye ( Date: 11-May-2018 08:26) Posted:
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. .. am crawling up quietly for awhile daily, am climbing Up daily , U missed me!
.. soon sooon o ya very sooooooooon am going @Turbo gear! Regret not yet miss!
lai&rsquo lai&rsquo ah&rsquo , last call for boarding prior to Haneda. &ldquo hoot-hoe-yi-kee!&rdquo arh > >
.. soon sooon o ya very sooooooooon am going @Turbo gear! Regret not yet miss!
lai&rsquo lai&rsquo ah&rsquo , last call for boarding prior to Haneda. &ldquo hoot-hoe-yi-kee!&rdquo arh > >
PROPOSED DEVELOPMENT OF THE NEXT PHASE OF SHANGHAI OLYMPIC GARDEN
HELD BY SHANGHAI OLYMPIC GARDEN PROPERTY DEVELOPMENT CO., LTD.
United Engineers Limited (the ?Company?, and together with its subsidiaries, the ?Group?) wishes to
announce the proposed development of the next phase of the development project (?Shanghai
Olympic Garden?) located at Jiuting town, Songjiang District, Shanghai held by Shanghai Olympic
Garden Property Development Co., Ltd. (?SOG?). The Company?s shareholding interest in SOG is held
indirectly through Shenyang Huaxin International Realty Co., Ltd (?SHIR?) which has a shareholding
interest of approximately 45.05% in SOG. SHIR is wholly owned by the Company?s subsidiary, WBL
Corporation Limited, which the Company has a shareholding interest of approximately 67.6%.
The total land area of Shanghai Olympic Garden is approximately 524,082 sqm. Between 2003 and
2013, SOG developed and sold several phases of Shanghai Olympic Garden (Phases 1 to 3.1 and
Phase 3.3) with a total land area of approximately 490,611 sqm and a total gross floor area of
approximately 625,919 sqm. The remaining undeveloped land area is approximately 33,471 sqm (the
?Site?). SOG had been unable to commence development of the Site because of ongoing resettlement
negotiations with 44 farmer households which had been occupying the Site. The tenure of the Site is
70 years from 2005.
The Group is pleased to announce that SOG has successfully completed the resettlement of all the
farmer households and it intends to commence development of the Site (?Phase 3.2?). Phase 3.2 is
expected to comprise 517 units of low-rise apartments with a total saleable gross floor area of
approximately 52,889 sqm. The gross development value is expected to amount to approximately
RMB3 billion. Construction is expected to commence in second half of 2018 and is expected to be
completed by end of 2021.
The Group expects the completion of Phase 3.2, the sale of the low rise apartments and the handover
of the properties to contribute positively to the earnings of the Group in future.
None of the Directors or controlling shareholders of the Company has any interest, directly or
indirectly, in the above transaction, other than through their shareholding interests in the Company and
WBL Corporation Limited.
By Order of the Board of
United Engineers Limited
Tan Chee Keong Roy
Group Managing Director and Non-Independent and Executive Director