Stake changes: Wee Investments adds to UOL Group stake

UOL building and Orchard Gateway at Orchard RoadUOL building and Orchard Gateway at Orchard Road. Image taken pre-Covid.

Singapore substantial shareholder changes: UOL Group and Wee Investments.

Wee Investments acquired 23,500 shares of UOL Group for S$6.99711 a share on 16 December, according to a filing to SGX Monday.

Wee Investments is the investment vehicle of the Wee family, which founded UOB.

Wee Cho Yaw is deemed interested in the shares held by Wee Investments, with the transactions taking his total interest in UOL Group to 37.739 percent from 37.736 percent previously, a filing said.

Wee Ee Lim is deemed interested in the shares held by Wee Investments, with the transactions taking his total interest in UOL Group to 15.131 percent from 15.129 percent previously, a filing said.

Wee Ee Chao is deemed interested in the shares held by Wee Investments, with the transactions taking his total interest in UOL Group to 15.137 percent from 15.134 percent previously, a filing said.