Asset Acquisitions and Disposals::THE PROPOSED ACQUISITION OF SHARES IN THE CAPITAL OF UNITED INDUSTRIAL CORPORATION LIMITED
Issuer & Securities
UOL GROUP LIMITED
UOL GROUP LIMITED - SG1S83002349 - U14
Asset Acquisitions and Disposals
Date &Time of Broadcast
Announcement Sub Title
THE PROPOSED ACQUISITION OF SHARES IN THE CAPITAL OF UNITED INDUSTRIAL CORPORATION LIMITED
Submitted By (Co./ Ind. Name)
Foo Thiam Fong Wellington
Description (Please provide a detailed description of the event in the box below)
UOL Group Limited ("UOL") wishes to announce that it has on 22 June 2017 entered into an option agreement with Haw Par Corporation Limited ("Haw Par"), pursuant to which UOL has been granted a call option and Haw Par has been granted a put option over 60,000,000 ordinary shares in the capital of United Industrial Corporation Limited held by Straits Maritime Leasing Private Limited, a wholly-owned subsidiary of Haw Par.
Please see attached detailed announcement and media release.
Total size =365K