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Corporate digest

Published Wed, May 18, 2016 · 09:50 PM

Singapore Land

SINGAPORE Land on Wednesday announced a proposed selected capital reduction of about S$12 million to cancel shares held by minority shareholders - that is, shareholders other than Singapore-listed UIC - at S$9.20 apiece. This would apply to about 0.3 per cent of the total share capital.

UIC currently owns 99.7 per cent of the company, following its cash offer for Singapore Land in 2014. Singapore Land was subsequently delisted.

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