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
30-Aug-2016 18:13:38
Status
New
Announcement Sub Title
ACQUISITION OF SHARES IN ASSOCIATED COMPANY UNITED INDUSTRIAL CORPORATION LIMITED
Announcement Reference
SG160830OTHR4T75
Submitted By (Co./ Ind. Name)
Yeong Sien Seu
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 629,315,900 shares or 44.346% of UIC's issued capital (1,419,089,412 shares).

The increase in its shareholdings was pursuant to the off-market and open market purchases by wholly-owned subsidiary, UOL Equity Investments Pte Ltd, of 182,500 UIC shares on 30 August 2016 at a price of S$2.74344 per share.