Brief: UOL Group accepts tender for property

UOL

06/10/2016 24:26

Oct 6 (Reuters) - Uol Group Ltd  UTOS.SI -  
    * Acceptance of Enbloc tender for Raintree Gardens located 
at 110-112 Potong Pasir Avenue 1, Singapore 
    * Total purchase consideration for property is S$334.2 
million was agreed upon on a willing buyer and willing-seller 
basis 
    * Acquisition will not have any material effect on net 
tangible assets per share or eps of company for FY ending 31 Dec 
2016. 
    * Tender price shall be financed principally from bank 
borrowings and internal resources 
 
Source text for Eikon:  ID:nSNZc8swD5  
Further company coverage:  UTOS.SI  
 
 ((Bangalore.newsroom@thomsonreuters.com;))