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
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
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
Properties that the company currently owned or previously owned include:[1]
