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