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)
Yeong Sien Seu
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 718,230,418 UIC shares or 50.136% of UIC's issued capital (1,432,567,362 UIC shares).
The increase in the Company's shareholdings in UIC was pursuant to an off-market purchase by its wholly-owned subsidiary, UOL Equity Investments Pte Ltd, of 585,968 UIC shares on 22 May 2019 at the price of S$3.056 per share.