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News Release - 15 Mar 2002
News Release - 15 Mar 2002
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ANNOUNCEMENT
PROPOSED VOLUNTARY CONDITIONAL CASH OFFER FOR SHARES IN
INDUSTRIAL & COMMERCIAL BANK LIMITED
The Board of Directors of United Overseas Bank Limited wishes to announce
that its wholly-owned subsidiary, Tye Hua Investments Pte. Ltd. ("Tye
Hua"), has today announced, through Merrill Lynch (Singapore) Pte. Ltd.
("Merrill Lynch Singapore"), that it intends to make a voluntary conditional
cash offer for all the issued ordinary shares of $1.00 each in the capital
of Industrial & Commercial Bank Limited. A copy of Merrill Lynch Singapore's
announcement, for and on behalf of Tye Hua, is attached to this Announcement.
BY ORDER OF THE BOARD
Mrs Vivien Chan
Company Secretary
15 March 2002
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