Brief: UOL Group to raise stake in United Industrial Corp

Singapore Land

22/06/2017 18:46

June 23 (Reuters) - UOL Group Ltd  UTOS.SI  
    * Uol to issue shares to haw par in exchange for 60 million 
uic shares 
    * Proposed transaction will enable uol to consolidate 
interest in uic to about 48.94% 
    * Under the deal, uol has a call option, and haw par has a 
put option, for united industrial corp shares 
    * On completion of transaction, uol's stake in uic will 
increase from 44.71% to about 48.94% 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nSNZcbx1CV 
Further company coverage:  UTOS.SI  
 
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