Edition:
United States

United Engineers Ltd (UTES.SI)

UTES.SI on Stock Exchange of Singapore

2.25SGD
26 Jul 2016
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Latest Key Developments (Source: Significant Developments)

United Engineers entered into conditional share purchase agreement
Friday, 13 May 2016 06:50am EDT 

United Engineers Ltd : Proposed disposal of interests in subsidiaries . Company has entered into a conditional share purchase agreement with Giant Maze Limited . Consideration for uesh sale shares and ue envirotech sale shares is s$16 million and s$30 million respectively . UE UMC PTE entered share purchase agreement with purchaser to sell 20.5 million shares in capital of UE Envirotech PTE .  Full Article

United Engineers says qtrly net profit S$6.9 million
Wednesday, 11 May 2016 05:58am EDT 

United Engineers Ltd : Qtrly revenue s$333.6 million versus s$515.3 million . Qtlry net profit s$6.9 million versus s$25 million . Directors do not recommend the payment of an interim dividend . Group's China property division is likely to continue to face challenging operating conditions .  Full Article

United Engineers Ltd appoints Norman Ip as group managing director
Monday, 30 Nov 2015 04:11am EST 

United Engineers Ltd:Says that Norman Ip will assume role of group managing director with effect from Dec. 1, 2015.  Full Article

United Engineers Ltd announces striking off of an indirect dormant subsidiary
Friday, 24 Jul 2015 05:27am EDT 

United Engineers Ltd:To announce that UED Capital Venture Pte. Ltd. (UEDCV), an indirect wholly-owned dormant subsidiary of the Company, has been struck off.  Full Article

United Engineers Ltd announces dormant subsidiary voluntary liquidation
Wednesday, 15 Apr 2015 05:18am EDT 

United Engineers Ltd:Says its dormant wholly-owned subsidiary, MPL Pte Ltd, which was placed under member’s voluntary liquidation, has been dissolved.  Full Article

United Engineers Ltd recommends payment of dividend
Friday, 27 Feb 2015 04:11am EST 

United Engineers Ltd:Recommends preference cash dividend of 7.5 cents per preference share.Also recommends first and final cash dividend of 5 cents per ordinary stock and special cash dividend of 5 cents per ordinary stock.Payable on May 13.  Full Article

United Engineers Ltd announces liquidation of subsidiary
Wednesday, 25 Feb 2015 04:10am EST 

United Engineers Ltd:Says Summer Palace Management Co Ltd, its indirect subsidiary incorporated in the People’s Republic of China, which had been placed under members voluntary liquidation, has been dissolved.  Full Article

United Engineers Ltd announces resignation of chief financial officer
Saturday, 31 Jan 2015 02:23pm EST 

United Engineers Ltd:Announces the resignation of Wong Hein Jee as chief financial officer effective March 21.Announces the appointment of Tan Chee Keong Roy as group chief financial officer effective Feb. 1.  Full Article

United Engineers Ltd's subsidiary disposes stake in Tangshan UE Shengxing
Thursday, 22 Jan 2015 05:18am EST 

United Engineers Ltd:Says a subsidiary, UE UMC Pte Ltd (UMC) has disposed of its entire 60 pct shareholding interest in Tangshan UE Shengxing Renewable Resources Co Ltd to Chemoil Environment Holding Pte Ltd for a consideration of 6 million Yuan (about S$1.3 million).  Full Article

United Engineers Ltd's Wearnes Engineering & Distribution Pte. Ltd. disposed entire interest in RFNet
Wednesday, 14 Jan 2015 04:45am EST 

United Engineers Ltd:Says that its 67.6 pct indirect subsidiary, Wearnes Engineering & Distribution Pte. Ltd. has disposed of its entire 21.33 pct interest in RFNet Technologies Pte Ltd (RFNet) to Panasonic Asia Pacific Pte. Ltd.Says for a consideration of about S$2.4 mln.Disposal is not expected to have any material impact on net tangible assets or earnings per share of the Group for FY ending Dec. 31.  Full Article