Asset Acquisitions and Disposals::ACQUISITION OF SHARES IN UNITED INDUSTRIAL CORPORATION LIMITED

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
13-Jun-2018 18:21:51
Status
New
Announcement Sub Title
ACQUISITION OF SHARES IN UNITED INDUSTRIAL CORPORATION LIMITED
Announcement Reference
SG180613OTHRLY1P
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)
Pursuant to Rule 704(17)(c) and (d) of the SGX-ST Listing Manual, the Company wishes to announce that its interest in United Industrial Corporation Limited ("UIC"), has increased to 716,325,350 UIC shares or 50.006% of UIC's issued capital (1,432,473,362 UIC shares).

The increase in its shareholdings was pursuant to open market purchases by its wholly-owned subsidiary, UOL Equity Investments Pte Ltd, of 300,000 UIC shares on 13 June 2018 at the price of S$3.29438 per share.

Following the acquisition, UIC becomes a subsidiary of the Company pursuant to Section 5 of the Companies Act (Cap 50, Singapore Statutes).