Corporate digest

UOL Group

THE independent financial adviser (IFA) for UOL Group has advised shareholders to vote to waive their rights to receiving a mandatory general offer from Haw Par Corporation. In a circular dated Aug 8, the IFA, Deloitte & Touche Corporate Finance, said that the whitewash resolution is "fair and reasonable" and that the "proposed transaction is on normal commercial terms and not prejudicial to the interests of the UOL Group and its minority shareholders".

Neo Group