Asset Acquisitions and Disposals::COMPLETION OF THE SALE OF PAN PACIFIC TIANJIN
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
31-Mar-2026 17:26:39
Status
New
Announcement Sub Title
COMPLETION OF THE SALE OF PAN PACIFIC TIANJIN
Announcement Reference
SG260331OTHRNE06
Submitted By (Co./ Ind. Name)
Yeong Sien Seu
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Further to the announcement made on 30 January 2026, the Board of Directors of UOL Group Limited (the "Company") wishes to announce that its indirect wholly-owned subsidiary, Tianjin UOL Xiwang Real Estate Development Co., Ltd., has received RMB214,200,000 in cash being the balance of the purchase price and has today completed the divestment of (i) the 319-room hotel known as "Pan Pacific Tianjin" located at No. 1 Zhang Zi Zhong Road, Hongqiao District, Tianjin, in the People's Republic of China (the "Hotel") and the land use right within the occupancy of the Hotel; and (ii) Basement Unit 102, Building 1/2, Hai He Hua Ding Building, next to Jie Fang Square, Da Hu Tong, Hongqiao District, Tianjin (the "Basement") and the land use right within the occupancy of the Basement. The Company's hospitality arm, Pan Pacific Hotels Group, will continue to operate the Hotel as Pan Pacific Tianjin.
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