UOL Group explained

UOL Group Limited
Type:Public
Industry:Real estate
Location:Singapore
Revenue: (FY 2021)
Net Income: (FY 2021)
Assets: (FY 2021)
Equity: (FY 2021)
Num Employees:1,500 (FY 2021)
Products:Real estate development
Real estate investment management
Footnotes:[1]

UOL Group Limited, is a Singaporean headquartered company focusing on investment, development and management of real estate across the Asia-Pacific region. The Wee Family, significant shareholders of United Overseas Bank are the largest shareholders of the company.[2] The company is a constituent member of the Straits Times Index.

History

The company was founded in 1963 as Faber Union Limited, a subsidiary of Faber Union (HK) Limited.[3] It became a publicly traded company on the Singapore Exchange in 1964.[4]

In 1975, the company changed its name to United Overseas Land Limited after Wee Cho Yaw and United Overseas Bank acquired a controlling interest in the company in 1973.

In 2002, the company acquired Parkroyal, a hotel and property company.[5]

In 2006, the company was renamed to UOL Group Limited.

In 2007, UOL Group Limited acquired Pan Pacific Hotels and Resorts from the Tokyu Group, and renamed it to Pan Pacific Hotels Group.[6] The company then merged Parkroyal with Pan Pacific for its hotel brand.

In 2013, the company decided to delist Pan Pacific Hotels and Resorts from the Singapore Exchange.

In 2018, the company acquired Singapore Land Group Limited (SingLand).[7] [8]

Group structure

The company has the following business segments:

Notable properties

Properties that the company currently owned or previously owned include:

Notes and References

  1. Web site: Annual Report 2021 . UOL . 11 December 2022.
  2. Web site: UOL Group Ltd. . 11 December 2022 . Nikkei Asia . en-GB.
  3. Web site: marten . 21 January 2016 . CFI.co Meets the Group Chief Executive of UOL Group: Gwee Lian Kheng . 11 December 2022 . CFI.co . en-US.
  4. Web site: Tai . Ian . 13 September 2018 . Is UOL Group Ltd An Attractive Stock Right Now? . 11 December 2022 . Value Invest Asia . en-US.
  5. Web site: Singapore Developers . 11 December 2022 . Projects Homes Your Life, Your Dream, Your Home . en-US.
  6. Web site: UOL Group Acquires Pan Pacific Brand from Tokyu Corporation . 11 December 2022 . www.hotelexecutive.com . en.
  7. Web site: UOL Group's Singapore Land bid to close early 2018 . 11 December 2022 . www.spglobal.com . en-us.
  8. Web site: Lee . PC . 4 January 2018 . UOL offer for SingLand closes with 99.8% stake .
  9. Web site: 13 August 2014 . Gerald Ronson sells Heron Plaza site to Singapore's UOL for £97m . 11 December 2022 . CityAM . en-GB.