UOL boosts interest in UIC

UOL Group Limited’s interest has increased to 595,796,565 shares.

Pursuant to Rule 704(17)(d) of the SGX-ST Listing Manual, the company announced that its interest in associated company United Industrial Corporation Limited has increased to 595,796,565 shares or 43.233% of UIC’s issued capital.

The increase in its shareholdings was pursuant to the purchase by wholly-owned subsidiary UOL Equity Investments Pte Ltd of an aggregate of 101,000 UIC shares from the open market on 16 October 2012 for the price of S$2.82767 per share.

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