UOL sells Pan Pacific Tianjin hotel for RMB238m as part of portfolio reconstitution
Summary:
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Indirect wholly owned subsidiary Tianjin UOL Xiwang Real Estate Development has agreed to sell the 319-room Pan Pacific Tianjin hotel, associated land-use rights and an adjacent basement unit for RMB238 million in cash to individual buyer Jiang Yang.
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The purchase price matches an independent valuation of the property as at 31 December 2025, derived using market and income approaches, and was agreed on a willing-buyer, willing-seller basis.
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The buyer has paid a 10% deposit of RMB23.8 million, with the remaining RMB214.2 million due on or about 1 April 2026, subject to conditions precedent.
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UOL describes the sale as part of the Group’s broader property portfolio reconstitution; the deal is treated as a non-discloseable transaction under SGX Listing Rule 1008.
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The company says no directors or controlling shareholders have any direct or indirect interest in the transaction beyond their shareholdings in UOL.