Asset Acquisitions and Disposals::AWARD OF TENDER FOR RESIDENTIAL SITE AT CLEMENTI AVENUE 1 BY URA

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
09-Jul-2019 17:33:39
Status
New
Announcement Sub Title
AWARD OF TENDER FOR RESIDENTIAL SITE AT CLEMENTI AVENUE 1 BY URA
Announcement Reference
SG190709OTHR6H31
Submitted By (Co./ Ind. Name)
Yeong Sien Seu
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of UOL Group Limited wishes to announce that the Urban Redevelopment Authority ("URA") has awarded the tender jointly submitted by its wholly-owned subsidiary, UOL Venture Investments Pte. Ltd. and UIC Homes Pte. Ltd., a wholly-owned subsidiary of United Industrial Corporation Limited, for the residential site at Clementi Avenue 1 at a tender price of S$491,300,000, subject to the conditions of tender as set out in the tender documents.

Please see attached detailed announcement.

Attachments

award of tender.pdf
Total size =32K