Asset Acquisitions and Disposals::ACQUISITION OF SHARES IN ASSOCIATED COMPANY 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
26-May-2016 18:36:33
Status
New
Announcement Sub Title
ACQUISITION OF SHARES IN ASSOCIATED COMPANY UNITED INDUSTRIAL CORPORATION LIMITED
Announcement Reference
SG160526OTHRRI4H
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)(d) of the SGX-ST Listing Manual, the Company wishes to announce that its interest in associated company, United Industrial Corporation Limited ("UIC"), has increased to 622,345,463 shares or 44.294% of UIC's issued capital (1,405,046,825 shares).

The increase in its shareholdings was pursuant to the open market purchase by wholly-owned subsidiary, UOL Equity Investments Pte Ltd, of 117,800 UIC shares on 26 May 2016 at a price of S$2.79924 per share.