Stake changes: Wee Investments further boosts UOL Group interest

UOL Group’s Kinex mall in GeylangUOL Group’s Kinex mall in Geylang

Singapore substantial shareholder changes: UOL Group and Wee Investments.

Wee Investments acquired 910,700 shares of UOL Group for S$6.98817 a share on 20 December, and 60,000 shares at S$6.99925 each on 21 December, according to a filing to SGX Wednesday.

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 37.854 percent from 37.739 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 15.246 percent from 15.131 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 15.252 percent from 15.137 percent previously, a filing said.

 

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