Silchester International Investors, acting on behalf for “certain commingled funds”, has sold 738,400 shares in UOL for $3.96 million or $5.36 per share.
The shares were disposed via market transaction on Feb 24.
Following the transaction, Silchester’s stake has been reduced to 5.942% from 6.029% previously.
The fund manager is also substantial shareholders in other Singapore-listed companies such as ComfortDelGro and Venture Corporation .
UOL will be releasing its results for the FY2024 ended Dec 31, 2024, on Feb 27.
Shares in UOL closed 7 cents higher or 1.3% up at $5.46 on Feb 25.
