WBL Corporation Limited, an investment holding company, engages in the technology, automotive, property development, and engineering and distribution businesses. Its Technology segment manufactures a range of electronic interconnect solutions, such as flexible printed circuits and printed circuit boards. This segment also engages in the manufacture of die-cast precision parts and components; and provision of contract assembly for original equipment manufacture customers in the telecommunication, computer, consumer electronics, automotive, and industrial electronic industries. The company’s Automotive segment distributes passenger vehicles; provides after sales services; and leases and sells ...
12 Ang Mo Kio Street 64
#03A-01 UE BizHub CENTRAL
Founded in 1906
Oversea-Chinese Banking And Great Eastern To Conduct Exclusive Discussions With Charoen For Sale In United Engineers And WBL
Aug 27 14
Oversea-Chinese Banking Corporation Limited (SGX:O39) (OCBC) and Great Eastern Holdings Limited (SGX:G07) (GEH) entered into an exclusivity agreement with Charoen Sirivadhanabhakdi and Khunying Wanna Sirivadhanabhakdi, whereby Charoen and Khunying may or may not offer to acquire stakes in United Engineers Limited (SGX:U04) and WBL Corporation Limited. OCBC and GEH will enter into discussions on an exclusive basis with Charoen and Khunying in relation to the possible transaction. The period of exclusivity will commence from August 26, 2014 and will expire on the date falling six weeks from the date that due diligence access on the United Engineers group of companies is granted to Charoen and Khunying and its representatives/advisors by the Board of Directors of United Engineers.
WBL Corporation Limited Reports Unaudited Group Earnings Results for the Seven Months Ended December 31, 2013
Feb 28 14
WBL Corporation Limited reported unaudited group earnings results for the seven months ended December 31, 2013. For the period, the group reported operating loss before interest of $112,904,000 on revenue of $1,365,069,000. Operating loss before interest was mainly due to gross losses arising from excess manufacturing capacity by Multi-Fineline Electronix Inc. as a result of lower net sales, losses by the Property division as well as impairment loss taken up by the Group to adjust its carrying value in Multi-Fineline Electronix Inc.'s assets to the recoverable amount. These losses were partially offset by profits from its other business divisions.
WBL Corporation Limited Announces Consolidated Earnings Results for First Quarter Ended Dec. 31, 2013
Feb 6 14
WBL Corporation Limited announced consolidated earnings results for first quarter ended Dec. 31, 2013. For the quarter, the company reported net sales of SGD 211,672,000, operating loss of SGD 8,210,000, net loss of SGD 9,279,000 or SGD 0.39 per diluted share, net cash provided by operating activities of SGD 8,279,000, purchases of property and equipment of SGD 6,563,000, NON-GAAP net loss of SGD 8,870,000 or SGD 0.37 per diluted share, compared to the net sales of SGD 289,650,000, operating income of SGD 10,461,000, net income of SGD 8,348,000 or SGD 0.35 per diluted share, net cash provided by operating activities of SGD 28,457,000, purchases of property and equipment of SGD 15,913,000, NON-GAAP net income of SGD 9,235,000 or SGD 0.38 per diluted share, for the same quarter a year ago.