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)
The Company wishes to announce that its interest in United Industrial Corporation Limited ("UIC"), has increased to 721,582,791 UIC shares or 50.366% of UIC's issued capital (1,432,667,362 UIC shares).
The increase in its shareholdings was pursuant to off-market purchases by its wholly-owned subsidiary, UOL Equity Investments Pte Ltd, of 3,352,373 UIC shares on 23 March 2020 at the price of S$1.96866 per share.