UOL Group

UOL Group Limited (Chinese: 华业集团有限公司; pinyin: Huáyè Jítuán Yǒuxiàn Gōngsī), 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.[1][2][3] The company is a constituent member of the Straits Times Index.

UOL Group Limited
Formerly
  • Faber Union Limited
  • United Overseas Land Limited
TypePublic
SGX: U14
IndustryReal estate
Founded1963 (1963)
HeadquartersSingapore
Key people
  • Wee Cho Yaw (Chairman)
  • Liam Wee Sin (Group Chief Executive Officer)
ProductsReal estate development
Real estate investment management
RevenueIncrease S$2.61 billion (FY 2021)
Increase S$499 million (FY 2021)
Total assetsIncrease S$21.3 billion (FY 2021)
Total equityIncrease S$14.6 billion (FY 2021)
Number of employees
1,500 (FY 2021)
Subsidiaries
Websiteuol.com.sg
Footnotes / references
[1]

History

The company was founded in 1963 as Faber Union Limited, a subsidiary of Faber Union (HK) Limited.[2][4][5] Singapore Exchange It became a publicly traded company in 1964.[3]

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.[2][3][4][5]

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

In 2006, the company was renamed to UOL Group Limited.[1][3][4][5]

In 2007, UOL Group Limited acquired Pan Pacific Hotels and Resorts from the Tokyu Group, and renamed it to Pan Pacific Hotels Group.[2][5][6] The company then Parkroyal with Pan Pacific for its hotel brand.[2]

In 2013, the company decided to delist Pan Pacific Hotels and Resorts from the Singapore Exchange.[4]

In 2018, the company acquired Singapore Land Group Limited (SingLand).[4][7][8]

Group structure

The company has the following business segments: [1][2]

  • Property development – development of properties for sale
  • Property investments – leasing of commercial properties and serviced suites
  • Hotel operations – operation of owned hotels
  • Investments – investment in quoted and unquoted financial assets
  • Technology operations – the distribution of computers and related products
  • Management services – provision of hotel management services

Notable properties

Properties that the company currently owned or previously owned include: [1]

References
  1. "Annual Report 2021" (PDF). UOL. Retrieved 11 December 2022.
  2. "UOL Group Ltd". Nikkei Asia. Retrieved 2022-12-11.
  3. Tai, Ian (2018-09-13). "Is UOL Group Ltd An Attractive Stock Right Now?". Value Invest Asia. Retrieved 2022-12-11.
  4. marten (2016-01-21). "CFI.co Meets the Group Chief Executive of UOL Group: Gwee Lian Kheng". CFI.co. Retrieved 2022-12-11.
  5. "Singapore Developers". Projects Homes | Your Life, Your Dream, Your Home. Retrieved 2022-12-11.
  6. "UOL Group Acquires Pan Pacific Brand from Tokyu Corporation". www.hotelexecutive.com. Retrieved 2022-12-11.
  7. "UOL Group's Singapore Land bid to close early 2018". www.spglobal.com. Retrieved 2022-12-11.
  8. Lee, PC (January 4, 2018). "UOL offer for SingLand closes with 99.8% stake".
  9. "Gerald Ronson sells Heron Plaza site to Singapore's UOL for £97m". CityAM. 2014-08-13. Retrieved 2022-12-11.
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