Wee family increases stake in UOL

Following the acquisitions, Wee Investments's stake in UOL is now at 15.79%.

UOL’s chairman, Wee Ee Lim, and director, Wee Ee Chao, have bought more shares in the company from the open market via Wee Investments. Ee Chao is the chairman and managing director of UOB Kay Hian. He is also the chairman of Haw Par Corporation H02. Both brothers are deemed to be interested in the shares held by the firm.

On June 27, Wee Investments bought 163,700 shares for $851,102.49 or $5.19916 per share. On June 28, the firm bought another 263,000 shares for $1.37 million or $5.199 per share.

Following the acquisitions, Wee Investments's stake in UOL is now at 15.79%, 0.05% up from 15.74% before June 27.

Shares in UOL closed 2 cents higher or 0.38% up at $5.27 on July 5.

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