The fight of control may extend to second generation!
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| UIC - Interest of Director |
In short, there are 3 companies in this game: Singland, UIC and UOL.
In simple term, UOL own UIC and UIC own Singland.
Singland is the ultimate target but nobody care to buy Singland directly, except UOL.
Eventhough UOL now buying more Singland, that will not affect the game's strategic, but just the margin of profit for whosoever won the game.
In order to win the game, they do it by buying UIC instead, and they are doing it now and will continue to do it at measured pace allowed.
By letting UOL doing daily share buy back, it shorten the distance to hit the target.
It is all coordinated move. We will see. 
Good news in weekend 4 March 2011
A joint venture between Singapore Land, one of the city state’s biggest office landlords, and UOL Group, has won a $320 million land tender, Singapore Land said in a regulatory filing today. Residential condominiums are proposed to be developed on the land in the city state, it said.
1 March 2011 8:30AM
The game is getting more interesting now!
The game is getting more interesting now!
Scene 1
John Gokongwei, Jr. and Wee Cho Yaw snapping up UIC share from open market.
Scene 2
Scene 3
UOL snapping up UIC share from open market
Scene 4
UOL carry out daily share buy-back from open market
Stay tune!
I have no idea when the breakout will happen now because the market sentiment is affected by the cooling measure.
However, if we just look at the chart, I don't see how cooling effect has affected the price. This is a blessing that UIC is one of the best property stock withstand the effect of cooling measure and China effect.
