Asset Acquisitions and Disposals::COMPLETION OF DISPOSAL OF WHOLLY-OWNED SUBSIDIARY

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
16-Dec-2019 18:02:01
Status
New
Announcement Sub Title
COMPLETION OF DISPOSAL OF WHOLLY-OWNED SUBSIDIARY
Announcement Reference
SG191216OTHRB59V
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)
Further to the announcement made on 23 August 2019, the Board of Directors of UOL Group Limited wishes to announce that the Company has today completed the disposal of its indirect wholly-owned subsidiary Suzhou Wugong Hotel Co., Ltd ("SWHC"). Accordingly, SWHC is no longer a subsidiary of the Company.

Following the completion, the hotel which is owned by SWHC will continue to be operated under the "Pan Pacific" brand.