UOL Group Limited Announces Major Subsidiary Changes and Strategic Moves

Singapore, 26 February 2026 – UOL Group Limited (“UOL” or the “Company”) has released a detailed update on significant changes in its group structure for the period from 1 July 2025 to 31 December 2025. These changes may have implications for investors and shareholders, particularly regarding the Group’s strategic direction, asset base, and future earnings potential.

Key Highlights from the Announcement

• Dissolution of Subsidiaries:
  • UOL Development (Sengkang) Pte. Ltd.: The wholly-owned subsidiary was dissolved on 8 July 2025 via members’ voluntary winding up.
  • Secure Venture Development (Alexandra) Pte. Ltd.: A 70:30 joint venture between UOL Venture Investments Pte. Ltd. (wholly-owned by UOL) and Kheng Leong Company (Private) Limited (KLC) was dissolved on 4 September 2025.
  • United Venture Development (No.1) Pte. Ltd.: A joint venture (42.5% UOL, 42.5% Singland Homes Pte. Ltd., 15% KLC) dissolved on 4 September 2025.
• Cessation of Subsidiary:
  • Disposal of Garden Plaza Company Limited (GPCL): On 29 September 2025, UOL’s wholly-owned Pan Pacific Hotels Group Limited sold 100% of the charter capital of GPCL to an unrelated third party for the Vietnam Dong equivalent of US\$15.7 million. The net asset value was US\$6.8 million, suggesting the sale was achieved at a premium. UOL now has no interest in GPCL.
• Incorporation of New Subsidiaries:
  • UOL Hotel Investments (Orchard) Pte. Ltd.: Incorporated on 7 November 2025 in Singapore, with S\$1,000,000 paid-up capital. The principal activity is hotels, and UOL holds 100% direct ownership.
  • Secure Venture Development (Horizon) Pte. Ltd.: (formerly United Venture Development (Rosemary) Pte. Ltd.) Incorporated on 24 November 2025 with S\$10 paid-up capital. The company is 60% indirectly held by UOL, 20% indirectly by SingLand, and 20% directly by KLC. The main activity is real estate development.
• Incorporation of Associated Company:
  • Horizon Residential Pte. Ltd. (HRPL): Incorporated on 9 December 2025, with S\$10 paid-up capital. UOL holds a 30% indirect stake, SingLand 10% indirect, KLC 10% direct, and CapitaLand Group Pte. Ltd. holds 50% indirect. The primary business is real estate development. This entity is associated with the “Award of Tender for Integrated Residential and Commercial Site at Hougang Central, Singapore” (announced 14 Jan 2026).

Key Points for Investors and Shareholders

• Strategic Realignment: The dissolution of several subsidiaries and joint ventures—particularly those linked to past development projects—signals a strategic realignment. This may free up capital and management resources for new ventures and investments.
• Monetisation of Assets: The sale of Garden Plaza Company Limited at a premium (US\$15.7m versus a net asset value of US\$6.8m) indicates UOL’s ability to unlock value from its hospitality assets. This disposal could positively impact the Group’s cash position and financial flexibility.
• New Investments and Growth Prospects: The incorporation of new hotel and real estate subsidiaries, as well as a strategic partnership in the award-winning Hougang Central project, demonstrates UOL’s ongoing commitment to expanding its core businesses in hospitality and property development. The Hougang Central project, involving CapitaLand and other major partners, is especially noteworthy and may represent a significant growth driver.
• No Material Immediate Impact on Financials: UOL’s Board states that these changes are not expected to have a material impact on the Group’s net tangible assets or earnings per share for the financial year ended 31 December 2025. However, investors should monitor future developments from these new ventures and divestments.
• No Director or Major Shareholder Conflict: The Board is not aware of any director or controlling shareholder with an interest in the above transactions, other than through their shareholdings in UOL.

Potential Share Price Sensitivity

• The sale of GPCL at a premium could bolster investor confidence in UOL’s asset management strategy.
• The new partnerships and project launches (notably at Hougang Central) may be viewed positively, signaling future development revenues and collaborative strength with industry leaders like CapitaLand.
• The dissolution of dormant or completed project subsidiaries is standard corporate housekeeping but could improve the Group’s operational efficiency.

Investors are advised to monitor future announcements for updates on the progress and financial contributions of the new ventures, especially the Hougang Central project, which could have a more material impact in future reporting periods.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisors and review official company filings before making investment decisions. The author and publisher are not responsible for any losses arising from reliance on the information provided herein.

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