UOL Group Limited *Official* (SGX: U14)

[Minx99]

http://www.businesstimes.com.sg/com...datory-offer-for-remaining-shares-in-singland
UOL announces mandatory offer for remaining shares in SingLand
Tue, Nov 21, 2017 - 11:27 PM Lynette Khoo lynkhoo@sph.com.sg

UOL Group Limited announced a mandatory unconditional cash offer for all the shares in Singapore Land (SingLand) that it does not already own at S$11.85 apiece in cash.
The obligation for UOL to make a mandatory offer for Singapore Land, which United Industrial Corporation (UIC) now owns 99.683 per cent, was triggered under Singapore's takeover code after UOL's stake in UIC crossed 50 per cent.
UOL said that it has, through its wholly owned subsidiary UOL Equity Investments Pte Ltd, bought 730,978 UIC shares in a series of on-market and off-market acquisitions on Tuesday at an average S$3.30875 per share.
Out of these UIC shares acquired on Tuesday, 305,878 UIC shares were purchased from a party acting in concert with UOL Equity Investments while the balance of the 425,100 UIC shares was acquired from the open market.
As a result of the acquisitions, the aggregate interest in UIC owned by UOL and its concert parties has risen to some 716.39 million shares, representing 50.025 per cent of the total number of UIC shares.
UOL has thereby attained statutory control of UIC under the Singapore Code on Takeovers and Mergers. With statutory control of UIC, UOL has also attained effective control of SingLand.
SingLand was delisted from the main board of Singapore Exchange on Aug 25, 2014. Under the 2014 privatisation offer, the base offer price for each SingLand share was S$9.40 in cash. The current offer price of S$11.85 per share thus represents a premium of 26.1 per cent to the 2014 offer price.
This current offer price is also a premium to the aggregate distribution of S$9.40 per share under SingLand's 2016 capital reduction and cash distribution.

Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=U14.SI

UOL going straight for the goose drum stick, not interested in the rest...

 

[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.

 

[Minx99]

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.

UOL becoming restless, flexing it's muscles....

 

[BeHappyLo]

falling back to almost $8.50 level…!

 

[BeHappyLo]

fast hand fast leg………..yesterday in today out…………..make $200 can eat more braised duck.

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...offer-closes-with-uol-controlling-99772-stake
SingLand offer closes with UOL controlling 99.772% stake
WED, JAN 03, 2018 - 9:29 PM CHIA YAN MIN chiaym@sph.com.sg

UOL's mandatory offer for Singapore Land shares closed at 5.30pm on Jan 3 and is no longer open for acceptance.
UOL had earlier this year made the offer for all the SingLand shares it does not already own, at S$11.85 apiece in cash.
The obligation for UOL to make the mandatory offer was triggered under Singapore's takeover code last month when UOL and its concert parties attained statutory control of United Industrial Corporation (UIC), which in turn owns over 99 per cent of SingLand.
As at 5.30pm on Jan 3, UOL and its concert parties held 99.772 per cent of SingLand shares.

 

[BeHappyLo]

waiting to accumulate this……….i anticipate wealth tax on properties in the Budget speech.

 

[BeHappyLo]

52 week high was $9.49.
Now it is $8.33.
12% correction.
Not yet bear market 20% correction.

 

[BeHappyLo]

The bull market is in the process of topping out: Morgan Stanley global stocks chief
The volatility of the past four sessions is "the first crack," says Ruchir Sharma.
Sharma believes the market will be "directionally lower" over the next 12 to 18 months.
Global economic growth is "unlikely" to accelerate much from here, he warns.

This is to remind me in this thread.

 

[BeHappyLo]

real estate developers are sensitive to govt regulations and interest rates.

what has happened to UOL's fundamentals?

19 Feb, next Monday is the Budget speech and so nothing from the regulatory regime's point of view has changed.

Demand issue - no, so many developers are chasing en bloc sales.

interest rate hike

 

[BeHappyLo]

waiting to accumulate this……….i anticipate wealth tax on properties in the Budget speech.

ST is Jin funny. The new 4% stamp duty on Properties above $1 m is tax on higher income! In simple parlance it is wealth tax. I expect more bands in next year's budget. Waiting for durians to drop.

 

[Minx99]

http://www.businesstimes.com.sg/com...offer-closes-with-uol-controlling-99772-stake
SingLand offer closes with UOL controlling 99.772% stake
WED, JAN 03, 2018 - 9:29 PM CHIA YAN MIN chiaym@sph.com.sg

UOL's mandatory offer for Singapore Land shares closed at 5.30pm on Jan 3 and is no longer open for acceptance.
UOL had earlier this year made the offer for all the SingLand shares it does not already own, at S$11.85 apiece in cash.
The obligation for UOL to make the mandatory offer was triggered under Singapore's takeover code last month when UOL and its concert parties attained statutory control of United Industrial Corporation (UIC), which in turn owns over 99 per cent of SingLand.
As at 5.30pm on Jan 3, UOL and its concert parties held 99.772 per cent of SingLand shares.

Considering the good 2017 results & the significant increase in Revenue from the consolidation of UIC, UOL has now grown into a formidable property developer. UOL can certainly afford to be more generous in sharing some of it's wealth with loyal shareholders who supported them through good times & bad....

 

[Takodoro]

Considering the good 2017 results & the significant increase in Revenue from the consolidation of UIC, UOL has now grown into a formidable property developer. UOL can certainly afford to be more generous in sharing some of it's wealth with loyal shareholders who supported them through good times & bad....

Why share profit with external parties when they can subtlely increase their management pay?

 

[BeHappyLo]

ST is Jin funny. The new 4% stamp duty on Properties above $1 m is tax on higher income! In simple parlance it is wealth tax. I expect more bands in next year's budget. Waiting for durians to drop.

Still waiting for it to plunge below $6 !

 

[BeHappyLo]

coming liao……….

 

[BeHappyLo]

Accumulated $5.93…………….slowly slowly tip toe in…….

 

[BeHappyLo]

Accumulated $5.93…………….slowly slowly tip toe in…….

come here and sing song……..jin happy………….surely those who bought the banks would be happier.

 

[netzach]

Fugging good counter to get under 6. Rock solid.

לֵב HardwareZone Forums app

 

[BeHappyLo]

Accumulated today @$6.43.

 

[BeHappyLo]

Those on this boat --- Song bo???