SINGAPORE (July 23): The Wee family, who are controlling shareholders of property developer UOL Group, has been steadily buying up the company’s shares over the past two weeks.

The family started buying on July 6, right after UOL’s share price dropped to a 52-weeklow as investors reacted to the announcement of a new round of pre-emptive cooling measures for the property market. The government had made the surprise announcement after the market closed the day before, causing shares in both property and bank counters to tumble.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook