Asset Acquisitions and Disposals::UPDATES IN RELATION TO THE ACQUISITION OF RAINTREE GARDENS
Issuer & Securities
UOL GROUP LIMITED
UOL GROUP LIMITED - SG1S83002349 - U14
Asset Acquisitions and Disposals
Date &Time of Broadcast
Announcement Sub Title
UPDATES IN RELATION TO THE ACQUISITION OF RAINTREE GARDENS
Submitted By (Co./ Ind. Name)
Foo Thiam Fong Wellington
Description (Please provide a detailed description of the event in the box below)
UOL Group Limited (the "Company") refers to its announcement dated 6 October 2016, in relation to the acceptance of the tender submitted by the Company's 50%-owned associated company, UVD (Projects) Pte. Ltd., for the en-bloc purchase of the leasehold property comprised in Lot 6521X of Mukim 17 and which is also the development known as "Raintree Gardens" at 110-112 Potong Pasir Avenue 1, Singapore (the "Development") by the members of the Sale Committee acting on behalf of the consenting subsidiary proprietors of the units of the Development.
The Company is pleased to announce that it has been informed by the solicitors acting for the consenting subsidiary proprietors of the units of the Development that the Strata Titles Board has issued an order of sale on 8 February 2017.
Please see attached detailed announcement.
Total size =117K