Profile: United Engineers Ltd (UTES.SI)

United Engineers Limited is a holding company and property developer. It operates in four segments Engineering and Construction, Property Development, Property Rental and Services and Corporate Services & Others. The Engineering and Construction segment is in the business of mechanical and electrical engineering, water and medical waste environmental engineering, general and specialized construction, rental of construction equipment and related services. The Property Development segment encompasses activities such as bidding for land, project financing, design and construction to project management, property marketing and sales, and the overall coordination of all these activities. The Property Rental and Services segment is in the business of providing services for asset management and hospitality management. In May 2013, UE Centennial Venture Pte Ltd unit of United Engineers Ltd raised its interest to 94.897% from 36.964% by acquiring a 57.932% interest in WBL Corp Ltd.