|Bid||1.2300 x 0|
|Ask||1.2400 x 0|
|Day's range||1.2200 - 1.2400|
|52-week range||1.0600 - 1.5500|
|Beta (3Y monthly)||1.06|
|PE ratio (TTM)||3.48|
|Forward dividend & yield||0.07 (5.57%)|
|1y target est||N/A|
** United Airlines wants to include Brazil's Azul in its planned tie-up with Copa Holdings and Colombia's Avianca Holdings to create a four-way partnership in Latin America, a senior executive said. ** Brazil's state-run oil company Petroleo Brasileiro SA is studying exiting its stake in Braskem SA via a share offering, an executive said, the latest in a series of proposals to separate itself from the petrochemical firm.
SINGAPORE (Oct 25): Yanlord Land Group, the China-based property developer, has made an offer to pay $2.60 for each United Engineers share it does not own. Wholly-owned subsidiary Yanlord Investment (Singapore) (YIS) made the mandatory offer when it became UE’s largest shareholder at 35.27% after buying over Perennial Real Estate Holdings’ (PREH) and Heng Yue Holdings’ stakes in UE for a total of $229.7 million.
It plans to pay cash for the shares it does not own at S$2.6 per share - a mandatory offer triggered after one of its units bought United Engineers stock owned by Perennial UW and Heng Yue Holdings. Yanlord now owns 35.27% of United Engineers. The S$2.6 per share price is the same price offered in a bid made a little over two years ago by Yanlord and Perennial Real Estate Holdings - a deal that failed after the consortium only gained shareholder acceptances representing just 1.4% of United Engineers' ordinary shares https://www.reuters.com/article/united-eng-ma/update-1-yanlord-perennials-offer-for-singapores-united-engineers-fails-idUSL4N1M103S.
China-based property developer Yanlord Land Group is making a second attempt to take over Singapore's United Engineers Ltd, in a deal that values the real estate firm at S$1.66 billion ($1.2 billion). It plans to pay cash for the shares it does not own at S$2.6 per share - a mandatory offer triggered after one of its units bought United Engineers stock owned by Perennial UW and Heng Yue Holdings. Yanlord now owns 35.27% of United Engineers.