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
19-Jun-2015 19:35:10
Status
New
Announcement Sub Title
ACQUISITION OF SHARES IN ASSOCIATED COMPANY UNITED INDUSTRIAL CORPORATION LIMITED
Announcement Reference
SG150619OTHRW6FF
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 SGXST Listing Manual, the Company wishes to announce that its interest in associated company, United Industrial Corporation Limited ("UIC"), has increased to 612,319,649 shares and this represents 43.581% of UIC's issued share capital (1,405,016,825 shares). The latest issued share capital of UIC is inclusive of 11,716,068 new shares which have been allotted and issued on 19 June 2015 to eligible shareholders who have elected to participate in the UIC Scrip Dividend Scheme.

The increase in its shareholdings was pursuant to off-market and open market purchases by wholly-owned subsidiary, UOL Equity Investments Pte Ltd, of 94,800 UIC shares on 19 June 2015 at a price of S$3.3485 per share.