Singapore Land / UIC

Singapore Land / UIC: UIC bought 311,00 Singapore Land shares between 12 - 13 June at average prices of $8.52 and $8.29 per share respectively. The purchase increase UIC's stake in Singapore Land to 80.12% from 80.04%. In light of the recent privatization attempt of Pan Pacific Hotels Group by UOL, market watchers tout that Singapore Land could be the next target.