26 Jun 2015
Wee Hur enters Forbes Asia's 200 Best under a Billion for 2015
Wee Hur made it to Asia's 200 Best under a Billion, a list of outstanding companies announced by Forbes Asia. Wee Hur is among just six companies from Singapore to make it to this list. These 200 companies were selected among thousands from Asia Pacific. To qualify to enter this list, the companies must have annual revenue of between $5 million and $1 billion. They are also screened for earnings growth, sales growth and return on equity in the past 12 months and over 3 years. This accolade is a testimony of the financial performance Wee Hur achieved over the past few years as the Group evolved into an integrated property developer and builder with comprehensive development and construction capabilities. Wee Hur has also made it to Asia's 200 Best under a Billion for 2013.
31 Mar 2015
Wee Hur Completes Acquisition of Three Land Parcels in Brisbane
Wee Hur's three wholly-owned Australian subsidiaries have completed the acquisition of the three plots of land at Woolloongabba, Brisbane, Australia for a purchase consideration of approximately A$51.3 million (approximately S$55.2 million). As mentioned in an announcement in December 2014, the Group will, in due time, acquire an additional 2,194 square meters bringing the total acquisition amount to A$56.5 million (approximately S$60.8 million) and the total area to 1.91 hectares.