ACQUISITION OF SHARES IN UNITED INDUSTRIAL CORPORATION LIMITED
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Pursuant to Rule 704(17)(c) and (d) of the SGX-ST Listing Manual, the Company wishes to announce that its interest in United Industrial Corporation Limited ("UIC"), has increased to 716,325,350 UIC shares or 50.006% of UIC's issued capital (1,432,473,362 UIC shares).
The increase in its shareholdings was pursuant to open market purchases by its wholly-owned subsidiary, UOL Equity Investments Pte Ltd, of 300,000 UIC shares on 13 June 2018 at the price of S$3.29438 per share.
Following the acquisition, UIC becomes a subsidiary of the Company pursuant to Section 5 of the Companies Act (Cap 50, Singapore Statutes).