Case Study: 
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The company will be buying 10% of MCH’s shares from OUE, 10.27% from Finnegan and 4% from Mackmoor.

United Industrial Corporation Limited through its subsidiary, SL Development, acquired shares of Marina Centre in issue from OUE Limited, Finnegan Investments Limited and Mackmoor for $485m.

Specifically, UIC will be buying 10% of MCH’s shares from OUE for $200m, 10.27% from Finnegan for $205m and 4% from Mackmoor for $80m.

As at 31 December 2018, the net asset value of the MCH sale shares was $5.64 apiece.

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