United Global buys 95% stake in related Indonesia business for S$18.2m

United Global, which is also a lubricant maker, will pay for its stake with S$8.2 million in cash and new shares representing 11.8 per cent of existing issued share capital, or 10.6 per cent of the enlarged share capital.

Source : http://www.businesstimes.com.sg/companies-markets/united-global-buys-95-stake-in-related-indonesia-business-for-s182m