Share swap deal to have positive impact on UOL Group
Michelle Zhu • • 2 min read
SINGAPORE (June 27): OCBC Investment Research and CIMB Research are positive on news of UOL group’s share swap deal with Haw Par Corp, through which UOL will issue 27.3 million new shares in exchange for 60 million UIC shares owned by Haw Par.
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SINGAPORE (June 27): OCBC Investment Research and CIMB Research are positive on news of UOL group’s share swap deal with Haw Par Corp, through which UOL will issue 27.3 million new shares in exchange for 60 million UIC shares owned by Haw Par.
After the transaction, which has a long stop date of Oct 31 this year, UOL’s stake in UIC will rise to 48.94% from 44.7% previously.
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