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(Post 1 of 8) 03/24/2000.06:00:00 |
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United Overseas Insurance 1999 net profit 7.701 mln sgd vs 2.015 United Overseas Insurance 1999 results: Net profit - 7.701 mln sgd vs 2.015 mln Gross premium - 26.331 mln sgd vs 27.733 mln Non-underwriting income - 7.195 mln sgd vs loss 9.487 mln Underwriting income - 4.364 mln sgd vs 5.053 mln EPS - 18.9 cents vs 4.9 cents Final div - 15 pct vs 12.5 pct "The general insurance industry remained intensely competitive. Underwriting profit was lower due largely to higher claims incurred. On the investment front, recovery of the stock market in Singapore and profits from sale of investments contributed to an improvement in non-underwriting income, " the company said. On the current year prospects, it said it expects intense competition to continue and premium rates to erode particularly within the property insurance sector. "Growth in gross premiums is likely to come from diversified sources of business and the assumption of Industrial and Commercial Insurance Ltd's business portfolio." "Underwriting profit is expected to be maintained for the coming year while non-underwriting income (will) depend on the performance of the equity market and is expected to be satisfactory," it added. |
| (Post 2 of 8) 06/30/2000.19:37:00 |
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pacemaker, You must be the 1000 shares seller of the UOI today, since for a long time there was no enquiry on this counter. Then after you asked in the UOL thread, Zoom !! top gainer today...shall I say congrat?? it demonstrates that SI has many hidden talent tt we can tap for a good profit. by the way, there were 6 more lots q-ing to sell when market closed, wonder if were yours too.. ;) best regrds |
| (Post 3 of 8) 08/05/2000.02:58:00 |
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United Overseas Insurance net profit 8.694 mln sgd vs 3.511 mln SINGAPORE (AFX-ASIA) - United Overseas Insurance Ltd six months to June results: Net profit - 8.694 mln sgd vs 3.511 mln Pretax profit - 11.65 mln sgd vs 4.728 mln Gross premium income - 17.483 mln sgd vs 15.329 mln Gross investment income - 5.063 mln sgd vs 2.037 mln EPS - 42.60 cents vs 17.20 Interim div - 5.0 cents vs nil |
| (Post 4 of 8) 09/08/2000.05:29:00 |
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TENANCY AGREEMENT WITH INTERESTED PARTY - CHAPTER 9A LISTING MANUAL We wish to inform you that United Overseas Insurance Limited ("the Company") has renewed a 3-year tenancy agreement with Far Eastern Bank Ltd ("FEB") for the lease by FEB to the Company of the premises known as #07-07 and #09-00 FEB Building, 156 Cecil Street, Singapore 069544. The total floor area of the premises is about 12,830 square feet. The lease is for 3 years commencing 1 January 2001. The monthly gross rent is $48,754.00 or $3.80 per square foot, exclusive of GST which is payable by the Company The lease was negotiated on an arm's length basis. Jones Lang LaSalle, a firm of professional valuers, had opined that having considered all relevant information, the offered gross rental value (inclusive of service charge) of $3.80 per square foot per month is fair and reasonable in the light of the prevailing market conditions United Overseas Bank Ltd ("UOB") is a substantial shareholder of the Company. FEB is regarded as an interested person under Chapter 9A of the Exchange's Listing Manual as it is a related corporation of UOB. Mr Wee Cho Yaw is the Chairman of the Company, UOB and FEB. Messrs Wee Ee Cheong, Ernest Wong Yuen Weng and Ho Sim Guan are directors of the Company, UOB and FEB. Submitted by Mrs Vivien Chan, Company Secretary on 07/09/2000 to the SGX |
| (Post 5 of 8) 02/05/2001.14:55:07 |
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Something quite unusual is happening here! The stock has been quiely creeping higher and higher without much correction at all.
Hmmm....maybe something is afoot here. Have to do more digging! Appreciate any help from forumers |
| (Post 6 of 8) 05/09/2002.18:41:23 |
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UNITED OVERSEAS INSURANCE LTD
Resolutions Passed at the UOI Annual General Meeting United Overseas Insurance Limited wishes to announce that all the resolutions proposed at the Annual General Meeting held on 9 May 2002 have been passed. I, Vivien Chan, Secretary of the abovementioned Company, hereby certify that at the Thirty-First Annual General Meeting of the abovenamed Company duly convened and held at the Penthouse of the Company, 61st Storey, UOB Plaza 1, 80 Raffles Place, Singapore 048624 on the 9th day of May, 2002 the following Ordinary and Special Resolutions were duly passed as special business:- Ordinary Resolution "THAT pursuant to Section 161 of the Companies Act, Cap. 50, approval be and is hereby given to the Directors to issue shares in the Company at any time and upon such terms and conditions and for such purposes as the Directors may, in their absolute discretion, deem fit provided that the aggregate number of shares to be issued pursuant to this resolution shall not exceed 10 per cent of the issued share capital of the Company for the time being." Special Resolution "THAT the Articles of Association of the Company be amended by inserting the following new Article 99A immediately after Article 99:- 99A TELECONFERENCE MEETING. Any Director or member of a committee of Directors may participate in a meeting of the Directors or such committee by means of conference telephones/video equipment or similar communication equipment whereby all persons participating in the meeting can hear each other and participating in a meeting in this manner shall be deemed to constitute presence in person at such meeting. A Director participating in a meeting in the manner aforesaid may also be taken into account in ascertaining the presence of a quorum at the meeting." Submitted by Mrs Vivien Chan, Company Secretary on 09/05/2002 to the SGX |
| (Post 7 of 8) 05/09/2002.18:43:11 |
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UNITED OVERSEAS BANK LIMITED; UNITED OVERSEAS INSURANCE LTD
Retirement of Director We wish to inform you that Mr Ho Sim Guan has retired as Director of the following companies with effect from today :- 1. United Overseas Bank Limited 2. United Overseas Insurance Limited Submitted by Mrs Vivien Chan, Company Secretary on 09/05/2002 to the SGX |
| (Post 8 of 8) 05/16/2002.22:50:01 |
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UNITED OVERSEAS INSURANCE LTD
UOI FINAL DIVIDEND FOR THE YEAR 2001 - CHANGE OF CORPORATE TAX RATE On 8 March 2002, the Company announced a final dividend of 15% less 24.5% tax in respect of the financial year ended 2001. The said dividend was approved at the Company's Annual General Meeting on 9 May 2002 and is scheduled to be paid on 31 May 2002. In the Budget Announcement made on 3 May 2002, the corporate tax rate was reduced from 24.5% to 22.0% for the year of assessment 2003. As a result, the dividend franking rate for dividends which are to be paid this year has been reduced to 22.0%. Therefore, the Company's 15% dividend will be franked at 22.0% instead of 24.5%. Mrs Vivien Chan Company Secretary 16 May 2002 Submitted by Mrs Vivien Chan, Company Secretary on 16/05/2002 to the SGX |
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