OUE Ltd. increased its shareholding in Gemdale Properties and Investment Corp. Ltd. to about 27.9% from roughly 21.8% through the HK$815.9 million purchase of an additional 6.0% stake.
The Singapore-based company's Beacon Ltd. subsidiary bought 959,861,398 ordinary shares from the Hong Kong-listed property developer at a per-share price of 10 Hong Kong cents, according to a news release.
