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
12-Jan-2015 18:32:59
Status
New
Announcement Sub Title
ACQUISITION OF SHARES IN ASSOCIATED COMPANY - UNITED INDUSTRIAL CORPORATION LIMITED
Announcement Reference
SG150112OTHRLR07
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 611,982,249 shares of UIC's issued capital (1,392,818,757 shares). As at the date of this announcement, the Company holds 43.938% of UIC's issued share capital.

The change in its shareholdings was pursuant to an off-market purchase by wholly-owned subsidiary, UOL Equity Investments Pte Ltd, of 53,000 UIC shares on 12 January 2015 at a price of S$3.361 per share.