Asset Acquisitions and Disposals::RECEIPT OF IN-PRINCIPLE APPROVAL FROM SGX IN RELATION TO THE PROPOSED ACQUISITION OF SHARES IN UIC

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
28-Jul-2017 07:29:24
Status
New
Announcement Sub Title
RECEIPT OF IN-PRINCIPLE APPROVAL FROM SGX IN RELATION TO THE PROPOSED ACQUISITION OF SHARES IN UIC
Announcement Reference
SG170728OTHR4CPJ
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)
UOL Group Limited ("UOL") refers to its announcement dated 22 June 2017 (the "Announcement"), where UOL announced that it had entered 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 in the capital of United Industrial Corporation Limited (the "UIC Sale Shares") 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 on 27 July 2017 received the in-principle approval of the Singapore Exchange Securities Trading Limited ("SGX-ST") for the listing and quotation of the Consideration Shares on the Main Board of the SGX-ST.

Please see attached detailed announcement.

Attachments

UOL_Receipt_of_In_Principle_Approval_from_SGX.pdf
Total size =157K