February 22, 2018 10:31 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: 60
Group General Manager of Corporate Development, Corporate Communications & Investor Relations
Group General Manager of Human Resources
Compensation as of Fiscal Year 2017.

WBL Corporation Limited Key Developments

OCBC, Great Eastern Talks To Sell UEL Stake Enter Final Stages

Oversea-Chinese Banking Corporation Limited (SGX:O39), Great Eastern Holdings Limited (SGX:G07) talks to sell United Engineers Limited (SGX:U04) stake enter final stages. One bidder has been shortlisted to take over Oversea-Chinese Banking Corporation Limited (OCBC) and Great Eastern Holdings Limited's combined stakes in United Engineers Limited (UEL) and its subsidiary WBL Corporation Limited, the pair said in a release to the Singapore Exchange. Though the bidder was not named, Perennial Real Estate, which in early June had submitted a proposal, requested for a trading halt at about the same time as OCBC, Great Eastern and UEL's requests for trading halts. All four are mainboard-listed companies. "OCBC Bank and Great Eastern wish to announce that they are in final stages of discussions with a shortlisted bidder regarding their combined stakes in UEL and WBL," OCBC and Great Eastern said.

OCBC, Great Eastern Say Still In Talks With ‘Several Parties’ Regarding United Engineers And WBL Stakes

Oversea-Chinese Banking Corporation Limited (SGX:O39) and Great Eastern Holdings Limited (SGX:G07) (GEH) say they have received proposals from “several parties” regarding their combined stakes in United Engineers Limited (SGX:U04) (UEL) and WBL Corporation Limited. The duo stressed that they are still in the midst of evaluating these proposals and are in discussions with such parties and there is no certainty that any transaction will materialise or that any agreement will be entered into, say the two in a joint release issued on June 1, 2017. OCBC Bank and GEH are undergoing a strategic review encompassing their combined stakes in UEL and WBL.

OCBC And Great Eastern Holdings Receive Expressions Of Interests For United Engineers Limited & WBL Corporation Stakes

Oversea-Chinese Banking Corporation Limited (SGX:O39) and Great Eastern Holdings Limited (SGX:G07) announced that they have received non-binding expressions of interests over their combined stakes in United Engineers Limited (SGX:U04) and WBL Corporation Limited. Oversea-Chinese Banking Corporation and Great Eastern Holdings are evaluating these expressions of interests and there is no certainty that any transaction will materialize.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 14, 2017
--
Merger/Acquisition
July 13, 2017
--
Merger/Acquisition
July 13, 2017
United Engineers Limited
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