UOL Group

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UOL Group Limited
Formerly
  • Faber Union Limited
  • United Overseas Land Limited
Company typePublic
SGX: U14
IndustryReal estate
Founded1963; 63 years ago (1963)
HeadquartersSingapore
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
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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