Sing Land

Sing Land: 4Q13 results were a non event. Highlight is the voluntary unconditional cash offer by UIC for Sing Land shares at $9.40 each. UIC currently controls 80.4% of Sing Land. UIC does not intend to preserve the listing status of Sing Land, and accordingly when entitled , intends to exercise its rights of compulsory acquisition of Sing Land (ie. when UIC gets control over more than 90% stake)