Asset Acquisitions and Disposals::ACQUISITION OF HILTON MELBOURNE SOUTH WHARF - EXTENSION OF COMPLETION

Issuer & Securities

Issuer/ Manager
UOL GROUP LIMITED
Securities
UOL GROUP LIMITED - SG1S83002349 - U14
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
12-May-2017 17:41:13
Status
New
Announcement Sub Title
ACQUISITION OF HILTON MELBOURNE SOUTH WHARF - EXTENSION OF COMPLETION
Announcement Reference
SG170512OTHR8R7P
Submitted By (Co./ Ind. Name)
Foo Thiam Fong Wellington
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
UOL Group Limited (the "Company") refers to its announcement dated 3 March 2017 in relation to inter alia the entering into a conditional property and business asset sale agreement (the "PSA") between its wholly-owned Australian subsidiary, Success Venture Pty Limited acting in its capacity as trustee for Success Venture (Melbourne) Unit Trust (the "Purchaser") and HHR Conventions Pty Ltd (the "Vendor") for the acquisition of Hilton Melbourne South Wharf (the "Property").

The Company wishes to announce that on 11 May 2017, the Purchaser has entered into a deed of variation with the Vendor to amend the PSA where the date of completion of the acquisition of the Property will be extended.

Please see attached detailed announcement.

Attachments

UOL_Acquisition_Melbourne_Hotel_Extension_Completion.pdf
Total size =18K