UOL Drops 2.4% as Major Shareholder Cuts Stake to 5.9% After Selling 738,400 Shares

Edge

02-25

UOL will be releasing its FY2024 results on Feb 27.

Silchester International Investors, acting on behalf for “certain commingled funds”, has sold 738,400 shares in UOL for $3.96 million or $5.36 per share.

The shares were disposed via market transaction on Feb 24.

Following the transaction, Silchester’s stake has been reduced to 5.942% from 6.029% previously.

The fund manager is also substantial shareholders in other Singapore-listed companies such as ComfortDelGro C52 and Venture Corporation V03.

UOL will be releasing its results for the FY2024 ended Dec 31, 2024, on Feb 27.

UOL drops 2.4% at 11:50 am, Feb 27th.

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