Asset Acquisitions and Disposals::DESPATCH OF CIRCULAR TO SHAREHOLDERS
Issuer & Securities
UOL GROUP LIMITED
UOL GROUP LIMITED - SG1S83002349 - U14
Asset Acquisitions and Disposals
Date &Time of Broadcast
Announcement Sub Title
DESPATCH OF CIRCULAR TO SHAREHOLDERS
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") refers to its announcements dated 22 June 2017 and 28 July 2017 in connection with the entry by UOL into an option agreement with Haw Par Corporation Limited ("Haw Par"), pursuant to which (i) Haw Par has granted UOL a call option over 60,000,000 ordinary shares (the "UIC Sale Shares") in the capital of United Industrial Corporation Limited held by Straits Maritime Leasing Private Limited, a wholly-owned subsidiary of Haw Par, and (ii) UOL has granted Haw Par a put option over the UIC Sale Shares.
UOL is pleased to announce that it has today despatched to the shareholders of UOL a circular dated 8 August 2017 containing, inter alia, information relating to the Proposed Transaction and the Whitewash Resolution.
Please see attached detailed announcement.
Total size =25K