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  • Rise: 132
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ThaiBev0.815+0.095
RHT HealthTrust0.038+0.007
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Nasdaq 7,472.4 +45.5
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PSE Comp 0.0
KOSPI 2,196.1 -29.8

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News - Detailed News Story

UOB

Stock Chart
Last Done 25.680
Change -0.170 (-0.66%)
Volume 1,976.6
Range 25.570 - 25.950

Related News

UOB: Sale Of 49% Indirect Shareholding In Uni.Asia Life Assurance Berhad.

15 Aug 2013 18:14

United Overseas Bank Limited wishes to announce that Uni.Asia Capital Sdn Bhd has submitted an application to Bank Negara Malaysia for approval for the sale of its entire shareholding in Uni.Asia Life Assurance Berhad to a joint venture company to be set up by The Prudential Insurance Company of America and Bank Simpanan Nasional. UAC is a joint venture company owned by DRB-HICOM Berhad's wholly-owned subsidiary, Gadek (Malaysia) Berhad as to 51%, and by UOB's wholly-owned subsidiary, United Overseas Bank (Malaysia) Bhd as to 49%. UAC owns 100% of UAL which is a life insurer in Malaysia. The Divestment is subject to satisfaction of conditions precedent, including the obtaining of regulatory approvals. Upon completion, UAL will cease to be an associated company of UOB and UOBM. The sale consideration of RM 518 million, approximately SGD 200.8 million...

Attachments: Source: ShareInvestor Express
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