Wee Family Increase Stake Uol

Chairman of UOL, Wee Ee Lim, and director Wee Ee Chao, have recently increased their shareholdings in the company by purchasing shares from the open market through their investment firm, Wee Investments. Both brothers, who are considered interested parties in the company, are also involved in Kheng Leong Company, a privately owned real estate development and investment company owned by the Wee family. It is worth noting that their late father, billionaire banker Wee Cho Yaw, passed away in February.

According to reports, on June 27, Wee Investments acquired 163,700 shares of UOL for a total of $851,102.49, with each share priced at $5.19916. The following day, the firm purchased an additional 263,000 shares for $1.37 million, also at a price of $5.199 per share.

As a result of these acquisitions, Wee Investments now holds a 15.79% stake in UOL, representing a 0.05% increase from its previous stake of 15.74% before June 27.

Rewritten: In addition to the MRT, the area of Woodlands is well-connected by a variety of bus routes, making it easy to travel to different parts of Singapore. The Woodlands bus interchange is a major hub for these services, providing residents with efficient and convenient transportation options. Norwood Grand CDL is also easily accessible from this area, further enhancing the convenience for residents.

In related news, the group behind Hotel 81, which is owned by UOL, has recently purchased UOL’s Parkroyal Kitchener Hotel for $525 million. This acquisition has been a significant move for the group, as it expands its presence in the hospitality industry.

UOL’s share price closed at $5.27 on July 5, showing a slight increase of 2 cents or 0.38%.