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Singapore developer UOL to boost stake in United Industrial, subject to approvals

( June 23, 2017, 03:24 GMT | Official Statement) -- MLex Summary: Property investor UOL Group Ltd has announced that it will buy an additional 4.23 percent stake in United Industrial Corp from related company Haw Par Corp Ltd via a share-swap deal reportedly worth around 210 million Singapore dollars ($151 million). The transaction will see UOL's stake in United Industrial rise to 48.94 percent, making it one of the largest owners of commercial space in Singapore. The deal is subject to shareholder and regulatory approvals. The company's statement is attached....

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