Straits Times Index
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Yanlord Land Group Limited (Z25.SI)
| Previous close | 1.1100 |
| Open | 1.1100 |
| Bid | 1.1000 x 0 |
| Ask | 1.1100 x 0 |
| Day's range | 1.1000 - 1.1200 |
| 52-week range | 0.9000 - 1.3700 |
| Volume | 1,155,000 |
| Avg. volume | 1,998,896 |
| Market cap | 2.179B |
| Beta (5Y monthly) | 1.13 |
| PE ratio (TTM) | 3.12 |
| EPS (TTM) | 0.3530 |
| Earnings date | 12 Aug 2020 |
| Forward dividend & yield | 0.07 (6.13%) |
| Ex-dividend date | 21 Jul 2020 |
| 1y target est | 1.75 |
- Reuters SG
Deals of the day-Mergers and acquisitions
** 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.
- The Edge Singapore
Yanlord Land revives $2.60 per share offer to buy over United Engineers
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.
- Reuters
Yanlord makes fresh bid for Singapore's United Engineers, values it at $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. 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 <PERE.SI> - 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.
