UOL Group
Singaporean real estate organisation
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. The company is a constituent member of the Straits Times Index.
01History
The company was founded in 1963 as Faber Union Limited, a subsidiary of Faber Union (HK) Limited. It became a publicly traded company on the Singapore Exchange in 1964.
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.
In 2002, the company acquired Parkroyal, a hotel and property company.
In 2006, the company was renamed to UOL Group Limited.
In 2007, UOL Group Limited acquired Pan Pacific Hotels and Resorts from the Tokyu Group, and renamed it to Pan Pacific Hotels Group. The company then merged Parkroyal with Pan Pacific for its hotel brand.
In 2013, the company decided to delist Pan Pacific Hotels and Resorts from the Singapore Exchange.
In 2018, the company acquired Singapore Land Group Limited (SingLand).
02Group structure
The company has the following business segments:
- 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
03Notable properties
Properties that the company currently owned or previously owned include:
Sources and credits
This article is adapted from the Wikipedia article “UOL Group”, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.
Images, from Wikimedia Commons:
- United Square, Singapore.jpg by DanceMusicLover13, CC BY-SA 3.0
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