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February 12, 2016 2:38 PM ET

Electronic Equipment, Instruments and Components

Company Overview of WBL Corporation Limited

Company Overview

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

No. 03A-01 UE BizHub Central

Singapore,  569088

Singapore

Founded in 1906

Phone:

(65) 6818 8383

Key Executives for WBL Corporation Limited

Chief Executive Officer of Property - China
Chief Executive Officer of Automotive
Chief Executive Officer of Engineering, Manufacturing & Distribution
Age: 58
Group General Manager of Corporate Development, Corporate Communications & Investor Relations
Group General Manager of Human Resources
Compensation as of Fiscal Year 2015.

WBL Corporation Limited Key Developments

Oversea-Chinese Banking And Great Eastern To Conduct Exclusive Discussions With Charoen For Sale In United Engineers And WBL

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

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.

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