UOL

UOL: Wee Ee Chao, through KIP has sold 1.5m shares at $5.76 average (1.01 mln at $5.727 and 490K at $5.829), implying that nothing of significance is imminent. Recall that Chairman Wee Cho Yaw, through Wee Investments, bought >6 m UOL shares in late May / early June this yr, at $4.18-4.30 a share.) Recall that markets has of recent discussed the possibility of UOL doing a reit when the stock revisited the 2007 peak of $6.05, the only property stock to have done so. Latest sale by Wee Ee Chao, could mean that the grp is currently not exploring such a possibility at the moment.