United Engineers

[ngcheeki]

1. With the successful listing of Viva REIT, UE BizHub East has been successfully completed. The completion of the deal will mean UE will recognize a gain of 86.7 mil or 28 cents per shares. The gain will reflect in their Q4 FY2013 result.

http://infopub.sgx.com/FileOpen/Ann_Dive...eID=246866

2. UED has also subscribed for a 10% stake in each of Viva Industrial Trust Management Pte. Ltd. (“VITM”), being the manager of the REIT.

3. UE has also taken up 5% or 29.7 mil share of the Viva REIT @ 78 cents per share. The total amount invested in the REIT was S$23.16 mil

4. The investment in REIT and REIT's manager is funded by internal resource and will not have any impact on the NTA and EPS.


http://infopub.sgx.com/FileOpen/Divestme...eID=262517

Vested