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Investor Relations > News Room > News Release Index > 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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