Asset Acquisitions and Disposals::ACQUISITION OF SHARES IN 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
ACQUISITION OF SHARES IN 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)
Pursuant to Rule 704(17)(d) of the SGX-ST Listing Manual, the Company wishes to announce that its interest in United Industrial Corporation Limited ("UIC"), has increased to 713,652,167 UIC shares or 49.834% of UIC's issued capital (1,432,054,362 UIC shares).
The increase in its shareholdings was pursuant to off-market and open market purchases by its wholly-owned subsidiary, UOL Equity Investments Pte Ltd, of 730,978 UIC shares on 21 November 2017 at an average price of S$3.30875 per UIC share.