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Investor Relations > News Room > News Release Index > News Release - 16 Aug 2004
News Release - 16 Aug 2004
Change Of Shareholding In OUS And UIS 16 August 2004, Singapore United Overseas Bank Limited ("UOB") wishes to announce that pursuant to the merger of United International Securities Limited ("UIS") and Overseas Union Securities Limited ("OUS") by way of a scheme of arrangement (the "Scheme") which became effective on 12 August 2004, UOB's interest in OUS of 20,269,500 shares or 51.89% of OUS' issued share capital has been exchanged for 35,115,000 shares in UIS. As a result, UOB's interest in UIS has increased from 60,619,820 shares or 43.60% of UIS' issued share capital to 95,734,820 shares or 46.32% of UIS' issued share capital. Further, as OUS is a wholly-owned subsidiary of UIS, by virtue of Section 7 of the Companies Act of Singapore (Chapter 50), UOB is deemed to be interested in the 100% interest in OUS held by UIS. Mrs Vivien Chan Company Secretary
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| Copyright © 2005 United Overseas Bank Limited. Company Reg No. 193500026Z. All rights reserved. |