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UOL Group

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UOL Group Limited
Formerly
  • Faber Union Limited
  • United Overseas Land Limited
Company typePublic
SGX: U14
IndustryReal estate
Founded1963; 61 years ago (1963)
HeadquartersSingapore
Key people
  • 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]

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.

History

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

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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

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

References

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