UOL stock rises after S$1.5 billion Hougang Central land win — what investors watch next
UOL shares rose about 2% Thursday after a consortium including the firm won a S$1.50 billion government tender for a major mixed-use site in Singapore. By 3:59 p.m. SGT, UOL traded at S$9.92 with volume near 2.25 million shares. The 46,899.4 sq m site will link to an MRT station and bus interchange. UOL holds a 30% stake in the residential portion; CapitaLand Development owns 50%.