AWARD OF TENDER FOR RESIDENTIAL SITE (WITH COMMERCIAL USE) AT SILAT AVENUE BY URA
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The Board of Directors of UOL Group Limited wishes to announce that the Urban Redevelopment Authority ("URA") has awarded the tender jointly submitted by (i) its wholly-owned subsidiary UOL Venture Investments Pte. Ltd., (ii) UIC Homes Pte. Ltd., a wholly-owned subsidiary of United Industrial Corporation Limited and (iii) Kheng Leong Company (Private) Limited, for the residential site at Silat Avenue (with commercial use) at a tender price of S$1,035,300,000, subject to the conditions of tender as set out in the tender documents.
Please see attached detailed announcement.