The Business Times
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UIC buying Marina Mandarin and parts of Marina Sq complex

S$675.3m deal puts UIC and parent UOL in charge of hotel and Marina Square Shopping Mall as well as Pan Pacific hotel; UIC to fund purchases with mix of internal resources and bank loans

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Annabeth Leow

Annabeth Leow

Published Sun, Apr 14, 2019 · 09:50 PM

    Singapore

    THE Marina Mandarin Singapore and parts of the Marina Square complex are changing hands for S$675.3 million, in a deal inked last Friday.

    United Industrial Corp (UIC) is buying out Finnegan Investments and Mackmoor, as well as mainboard-listed OUE. The Marina Square shopping centre will then be owned jointly by UIC and its parent, UOL Group.

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