Asset Acquisitions and Disposals::ACQUISITION OF SHARES IN ASSOCIATED COMPANY 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 ASSOCIATED COMPANY UNITED INDUSTRIAL CORPORATION LIMITED
Submitted By (Co./ Ind. Name)
Foo Thiam Fong Wellington
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 629,133,400 shares or 44.334% of UIC's issued capital (1,419,089,412 shares).
The increase in shareholdings arose from the receipt by the Company and its wholly-owned subsidiary, UOL Equity Investments Pte Ltd of 359,151 UIC shares and 6,428,786 UIC shares respectively, under the UIC Scrip Dividend Scheme in lieu of cash dividend at an issue price of S$2.75 per share.