UOL Group Limited, 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] The company is a constituent member of the Straits Times Index.
History
The company was founded in 1963 as Faber Union Limited, a subsidiary of Faber Union (HK) Limited.[2][3] It became a publicly traded company on the Singapore Exchange in 1964.[4]
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][4][3]
In 2002, the company acquired Parkroyal, a hotel and property company.[5]
In 2006, the company was renamed to UOL Group Limited.[1][4][3][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.[3]
In 2018, the company acquired Singapore Land Group Limited (SingLand).[3][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]
- Heron Plaza[9]
- Mandarin Oriental, Singapore
- Marina Square
- Pan Pacific Singapore Hotel
- Pan Pacific Sonargaon
- Pan Pacific Suzhou
- Parkroyal Collection Pickering
- Parkroyal Collection Marina Bay, Singapore
- The Plaza
- West Mall
External links
References
- Annual Report 2021 UOL, retrieved 11 December 2022^
- UOL Group Ltd. Nikkei Asia, retrieved 11 December 2022^
- marten. CFI.co Meets the Group Chief Executive of UOL Group: Gwee Lian Kheng CFI.co, 21 January 2016, retrieved 11 December 2022^
- Ian Tai. Is UOL Group Ltd An Attractive Stock Right Now? Value Invest Asia, 13 September 2018, retrieved 11 December 2022^
- Singapore Developers Projects Homes, retrieved 11 December 2022^
- UOL Group Acquires Pan Pacific Brand from Tokyu Corporation www.hotelexecutive.com, retrieved 11 December 2022^
- UOL Group's Singapore Land bid to close early 2018 www.spglobal.com, retrieved 11 December 2022^
- PC Lee. UOL offer for SingLand closes with 99.8% stake 4 January 2018^
- Gerald Ronson sells Heron Plaza site to Singapore's UOL for £97m CityAM, 13 August 2014, retrieved 11 December 2022^