Thursday Feb 27
More property privatisations to come?
THE proposed privatisation of Singapore Land by parent United Industrial Corporation throws the spotlight on the depressed residential property development segment.
UIC makes unconditional $762m offer for SingLand
United Industrial Corporation , a company controlled by veteran banker Wee Cho Yaw and Philippine tycoon John Gokongwei, said that it was taking its 80.36 per cent subsidiary, Singapore land , private at $761.67 million [SINGAPORE] United Industrial Corporation , a company controlled by veteran banker Wee Cho Yaw and Philippine tycoon John ... (more)
UIC plans to take Singapore Land private
Singapore's United Industrial Corporation Ltd said it plans to take complete ownership of Singapore Land Ltd by buying shares worth about S$762 million , and that it intends to take the company private.