Key Developments: United Engineers Ltd (UTES.SI)

UTES.SI on Stock Exchange of Singapore

2.84SGD
11:06pm EDT
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$-0.01 (-0.35%)
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$2.85
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Volume
402,000
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1,051,937
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$2.87
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$1.61

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Latest Key Developments (Source: Significant Developments)

United Engineers Ltd gives Q4 2014 net sales outlook
Friday, 8 Aug 2014 05:08am EDT 

United Engineers Ltd:Expects Q4 2014 net sales to be between $150 - $180 mln.  Full Article

United Engineers Ltd proposes divestment of the assets and liabilities of MFS Technology Ltd
Tuesday, 5 Aug 2014 10:08am EDT 

United Engineers Ltd:Says indirect subsidiary, MFS Technology Ltd (MFS), enters into legally binding letter of offer with Novo Tellus PE Fund 1, L.P., fund advised by Novo Tellus Capital Partners and Navis Asia VII Management Company Limited.Binding letter of offer for divestment of assets and liabilities of MFS, including entire issued share capital of MFS Technology (S) Pte Ltd (MFSS) for aggregate cash consideration of S$124,152,000.MFSS is wholly-owned subsidiary of MFS which company has a 57 pct effective shareholding interest through 67.6 pct-owned indirect subsidiary WBL Corporation Limited and wholly-owned subsidiary UES Holdings Pte Ltd.Upon completion of Proposed Divestment, Divestment Group will no longer be subsidiaries of Group.  Full Article

United Engineers announces dissolution of dormant indirect subsidiary
Thursday, 26 Jun 2014 05:08am EDT 

United Engineers Ltd:Says Wearnes Precision (Malaysia) Sdn. Bhd. its dormant indirect subsidiary incorporated in Malaysia, has been dissolved by members’ voluntary winding up.  Full Article

United Engineers Ltd announces ownership interest of Oversea-Chinese Banking Corporation Limited
Wednesday, 28 May 2014 05:04am EDT 

United Engineers Ltd:Says Oversea-Chinese Banking Corporation Limited holds 26,233,458 ordinary shares representing 4.12 pct of voting power.Oversea-Chinese Banking Corporation Limited held 6,151,876 ordinary shares representing 0.97 pct of the total voting power.  Full Article

United Engineers does not declare dividend
Thursday, 15 May 2014 05:02am EDT 

United Engineers Ltd:Says no dividend has been declared/recommended for the period ended March 31.  Full Article

United Engineers Ltd subsidiaries divests interest in Chongqing Huaxin International Urban Development
Monday, 21 Apr 2014 05:14am EDT 

United Engineers Ltd:Says Shengyang Huaxin International Realty Co., Ltd. (SHIR) and Chongqing Huaxin International Realty Co., Ltd. (CQIR), have entered into an agreement with Chongqing Lisheng Property Development Co., Ltd. (CQLS).Pursuant to which SHIR and CQIR have each sold their respective interests (the divestment) in Chongqing Huaxin International Urban Development Co., Ltd. (CQUR).United Engineers Ltd's (UEL) interest in CQUR is held through its subsidiary, WBL Corporation Limited (WBL), SHIR, a wholly-owned subsidiary of WBL, and CQIR, a 50 pct joint venture company of WBL, hold 15 pct and 80 pct interests respectively in CQUR.Sale consideration was arrived at on a willing-buyer-willing-seller basis, taking into consideration the financial position and business prospects of CQUR.Divestment is in line with the Group’s strategic objective of unlocking and realising value for its shareholders.  Full Article

United Engineers Ltd announces dissolution of dormant indirect subsidiary company
Wednesday, 16 Apr 2014 05:00am EDT 

United Engineers Ltd:Says United Circuits (Hong Kong) Ltd (UCL), its dormant indirect subsidiary incorporated in Hong Kong, has been dissolved by creditors’ voluntary winding up.  Full Article

United Engineers Ltd Declares first and final dividend
Monday, 7 Apr 2014 07:17pm EDT 

United Engineers Ltd:Declares first and final dividend of 7.5 cents per cumulative preference share for the year ended Dec. 31, 2013.Declares first and final dividend of 5 cents per ordinary stock unit and a special dividend of 2 cents per ordinary stock unit for the year ended Dec. 31, 2013.Payable on 14 May 2014 and record date on May 05.Ex date on April 30.  Full Article

United Engineers dissolves dormant indirect subsidiary
Tuesday, 1 Apr 2014 05:13am EDT 

United Engineers Ltd:Dissolves its dormant indirect subsidiary NCD Wearnes (Malaysia) Sdn. Bhd, incorporated in Malaysia.  Full Article

United Engineers Ltd announces dissolution of dormant indirect subsidiary company
Wednesday, 19 Mar 2014 05:26am EDT 

United Engineers Ltd:Says Sunique Company Limited, its dormant indirect subsidiary incorporated in Hong Kong, which had been placed under members’ voluntary winding up, has been dissolved.  Full Article

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