Overseas Union Enterprise (OUE) develops and manages retail, commercial, and residential properties and operates five-star hotels through its Meritus Hotels and Resorts subsidiary. Meritus operates some seven five-star hotels in Asia that include its flagship Meritus Mandarin Singapore and Shanghai JC Mandarin in China. OUE, which has traditionally been known as a hospitality company, aims to expand its hotel properties as well as diversify its portfolio by owning and managing prime commercial properties such as the Mandarin Gallery -- a shopping mall undergoing a $200 million renovation. Indonesian conglomerate Lippo controls OUE after buying out most of Malaysian tycoon Ananda Krishnan's stake in 2010.
Financial data as of December 31, 2018 (12 month period) in USD
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Essential information for a successful call
EMPLOYEES (All Sites)
- ASSETS (MIL USD) 7,827
REVENUE (MIL USD)
- TICKER SYMBOL LJ3
- Incorporated 1964
- FISCAL YEAR END DEC
- SALES GROWTH % 44.79%
- NET INCOME GROWTH 2446.56%
Get in Touch with 2 Principals*
Stephen RiadyExecutive Chairman of the Board
Thio Gim HockChief Executive Officer and Managing Director