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Revisions

UOL a step closer to achieving ‘statutory control’ of UIC in share swap deal with Haw Par

Samantha Chiew Published on Fri, Jun 23, 2017 / 7:53 AM GMT+8

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SINGAPORE (June 23): UOL and Haw Par have entered into a share swap deal for shares in United Industrial Corporation (UIC).

UOL says the deal will bring it closer to its aim of achieving statutory control in UIC in the future.

UOL will issue about 27 million new shares to Haw Par in exchange for 60 million UIC shares held by Haw Par.

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