# UOL Group

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**UOL Group Limited** (simplified Chinese: 华业集团有限公司; pinyin: *Huáyè Jítuán Yǒuxiàn Gōngsī*), is a [Singaporean](/source/Singapore) headquartered company focusing on investment, development and management of real estate across the [Asia-Pacific](/source/Asia-Pacific) region. The Wee Family, significant shareholders of [United Overseas Bank](/source/United_Overseas_Bank) are the largest shareholders of the company.[1][2][3] The company is a constituent member of the [Straits Times Index](/source/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](/source/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](/source/Pan_Pacific_Hotels_and_Resorts) from the [Tokyu Group](/source/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](/source/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]

- [Heron Plaza](/source/Heron_Tower#Heron_Plaza)[9]
- [Mandarin Oriental, Singapore](/source/Mandarin_Oriental,_Singapore)
- [Marina Square](/source/Marina_Square)
- [Pan Pacific Singapore Hotel](/source/Pan_Pacific_Singapore_Hotel)
- [Pan Pacific Sonargaon](/source/Pan_Pacific_Sonargaon)
- [Pan Pacific Suzhou](/source/Pan_Pacific_Suzhou)
- [Parkroyal Collection Pickering](/source/Parkroyal_Collection_Pickering)
- [Parkroyal Collection Marina Bay, Singapore](/source/Parkroyal_Collection_Marina_Bay,_Singapore)
- [The Plaza](/source/The_Plaza_(Singapore))
- [West Mall](/source/West_Mall)

## References

1. ["Annual Report 2021"](https://www.uol.com.sg/wp-content/uploads/uol-reports/files/UOL_Annual_Report_2021.pdf). *UOL*. Retrieved 11 December 2022.

1. ["UOL Group Ltd."](https://asia.nikkei.com/Companies/UOL-Group-Ltd). *Nikkei Asia*. Retrieved 11 December 2022.

1. Tai, Ian (13 September 2018). ["Is UOL Group Ltd An Attractive Stock Right Now?"](https://valueinvestasia.com/is-uol-group-ltd-an-attractive-stock-right-now/). *Value Invest Asia*. Retrieved 11 December 2022.

1. marten (21 January 2016). ["CFI.co Meets the Group Chief Executive of UOL Group: Gwee Lian Kheng"](https://cfi.co/corporate-leaders/2016/01/cfi-co-meets-the-group-chief-executive-of-uol-group-gwee-lian-kheng/). *CFI.co*. Retrieved 11 December 2022.

1. ["Singapore Developers"](https://projectshomes.com/developers). *Projects Homes | Your Life, Your Dream, Your Home*. Retrieved 11 December 2022.

1. ["UOL Group Acquires Pan Pacific Brand from Tokyu Corporation"](https://www.hotelexecutive.com/newswire/10412/uol-group-acquires-pan-pacific-brand-from-tokyu-corporation). *www.hotelexecutive.com*. Retrieved 11 December 2022.

1. ["UOL Group's Singapore Land bid to close early 2018"](https://www.spglobal.com/marketintelligence/en/news-insights/trending/hhdelEp1X4K7UysYwVs0Vg2). *www.spglobal.com*. Retrieved 11 December 2022.

1. Lee, PC (4 January 2018). ["UOL offer for SingLand closes with 99.8% stake"](https://www.edgeprop.sg/property-news/uol-offer-singland-closes-998-stake)

1. ["Gerald Ronson sells Heron Plaza site to Singapore's UOL for £97m"](https://www.cityam.com/gerald-ronson-sells-heron-plaza-site-singapore-s-uol-97m/). *CityAM*. 13 August 2014. Retrieved 11 December 2022.

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