United Industrial Corp (UIC) *Official* (SGX: U06)

[Jupiter2017]

Starting a new thread since cannot find an existing thread.

 

[Jupiter2017]

http://www.businesstimes.com.sg/real-estate/uic-posts-49-jump-in-q3-net-profit
Fri, Nov 03, 2017 - 6:45 PM
UIC posts 49% jump in Q3 net profit

PROPERTY Group United Industrial Corp (UIC) posted a third-quarter net profit of S$95.5 million, up 49 per cent from S$64 million a year ago aided by higher share of joint ventures' results.
Share of joint ventures' results increased by S$10.7 million to S$6.7 million for the three months to September mainly due to new contribution from The Clement Canopy residential project launched in February this year and from the UK Holborn property that was acquired in November last year, said UIC in its results announcement on Friday.
Revenue rose 55 per cent to S$405.5 million from S$262 million mainly due to higher sales recognition from trading properties which almost doubled due to higher sales in Alex Residences and Pollen & Bleu.
Accordingly, earnings per share came in higher at 6.7 Singapore cents versus 4.5 Singapore cents a year ago.
No dividend was recommended in the period, unchanged from last year.
For the nine-month period, UIC's net profit fell 2 per cent to S$230 million on the back of a 47 per cent jump in revenue to S$1.03 billion. The lower net profit was due to a fair value loss of S$3 million versus a gain of S$51.5 million over the same period a year ago.
UIC shares closed unchanged at S$3.35 on Friday.

 

[Jupiter2017]

http://www.businesstimes.com.sg/companies-markets/uols-interest-in-uic-edges-up-to-4978
UOL's interest in UIC edges up to 49.78%
Mon, Nov 20, 2017 - 9:06 PM Lynette Khoo lynkhoo@sph.com.sg

UOL Group Limited said on Monday that its interest in United Industrial Corporation (UIC) has increased to 712.92 million UIC shares or 49.78 per cent of UIC's issued share capital.
This was shored up through purchases of 11.76 million UIC shares by UOL's wholly owned subsidiary UOL Equity Investments on Nov 20 at an average price of S$3.3072 per UIC share.
Of these, 85,000 shares were acquired in the open market and the rest from subsidiaries of Haw Par Corporation, UOL chairman Wee Cho Yaw, an associate of UOL CEO Gwee Lian Kheng and UOL director Wee Sin Tho.
"The acquisitions undertaken were in line with the company's objective of consolidating its interest in UIC to achieve statutory control of UIC in the future," UOL said in a regulatory filing.

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[Jupiter2017]

http://www.businesstimes.com.sg/com...-more-uic-shares-through-off-market-purchases
UOL acquires more UIC shares through off-market purchases
Wed, Nov 29, 2017 - 9:29 PM Andrea Soh sandrea@sph.com.sg

UOL Group has acquired more shares in United Industrial Corporation (UIC) through off-market purchases, boosting its stake in UIC to 49.84 per cent.
The group, through its wholly-owned subsidiary UOL Equity Investments Pte Ltd, bought 27,181 UIC shares on Nov 28-29 at an average price of S$3.3072 per share.
In all, it now holds 713.75 million UIC shares, it said in an exchange filing on Wednesday evening.
UOL has been raising its interest in UIC with the aim of achieving statutory control of the firm in future.