Brief: United Overseas Bank Acquired 28.66% Interest In Hoe Leong Corporation Ltd
09/05/2018 14:21
May 9 (Reuters) - United Overseas Bank Ltd UOBH.SI :
* ACQUIRED 28.66% INTEREST, COMPRISING 1.61 BILLION SHARES
IN HOE
LEONG CORPORATION LTD
* SHARES WERE ALLOTTED TO BANK AT PRICE OF S$0.0115 PER
SHARE, OR
AGGREGATE PRICE OF S$18.5 MILLION
* TRANSACTION NOT EXPECTED TO HAVE ANY MATERIAL IMPACT ON
EARNINGS
PER SHARE OF BANK FOR FY ENDING 31 DEC 2018
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Further company coverage: UOBH.SI
((Reuters.Briefs@thomsonreuters.com;))
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