Asset Acquisitions and Disposals::AWARD OF TENDER FOR RESIDENTIAL SITE AT CANBERRA DRIVE BY URA

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
09-Mar-2020 18:48:43
Status
New
Announcement Sub Title
AWARD OF TENDER FOR RESIDENTIAL SITE AT CANBERRA DRIVE BY URA
Announcement Reference
SG200309OTHRXFDP
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)
The Board of Directors of UOL Group Limited ("UOL") wishes to announce that the Urban Redevelopment Authority has awarded the tender submitted by United Venture Development (2020) Pte. Ltd., a joint venture company of (i) UOL's wholly-owned subsidiary, UOL Venture Investments Pte. Ltd.; (ii) UIC Homes Pte. Ltd., a wholly-owned subsidiary of United Industrial Corporation Limited and (iii) Kheng Leong Company (Private) Limited held on a 50:30:20 basis, for the residential site (known as Parcel B) at Canberra Drive at a tender price of S$270,200,000. The award is subject to the conditions of tender as set out in the tender documents.

Please see attached detailed announcement.

Attachments

Award Tender.pdf
Total size =126K