O07 - Overseas Union Enterprise Limited

Overseas Union Enterprise Limited1 is a Singapore-based company that operates through four segments: hotel operations, property investments, other investments and others. Hotel operations include operation of Meritus Mandarin Singapore, Meritus Mandarin Haikou and Meritus Shantou, restaurant, and hotel operations and management, including marketing and promotion of service apartments and other hotels. Property investments include rental income from the letting of commercial offices and shops at the Meritus Mandarin Singapore, Overseas Union House and Change Alley Aerial Plaza. Other investments include dividend income. The others segment includes income from trading and commercial laundry operations. In October 2006, the Company acquired a 50% interest in Cifford Development Pte Ltd. from UOL Group Limited. In March 2007, the Company acquired Seaview Property Holdings Pte. Ltd. and Cove Development Pte. Ltd. In July 2007, the Company acquired Beachland Development Pte. Ltd.

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News

  • September 18, 2008 - OUE exploring setting up of listed property trust2- OVERSEAS Union Enterprise (OUE) said yesterday that it is looking at setting up a listed property trust into which it will inject 'certain hospitality properties'.
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