UOB Asset Management has entered a deal to acquire around 24.53 percent of VAM Vietnam Fund Management from Nguyen Xuan Minh, UOB said Monday.
These are Singapore companies which may be in focus on Friday, 22 November 2019: Mapletree Logistics Trust, OCBC, SGX, Halcyon Agri, ST Engineering and UOB.
UOB reported Friday its third quarter net profit climbed 8 percent to S$1.12 billion. These are analysts’ calls on the results.
UOB reported Friday its third quarter net profit climbed 8 percent to S$1.12 billion on stronger client franchise income and trading and investment income.
UOB launched Tuesday its U-Solar platform to connect businesses and consumers with financing to encourage renewable energy adoption in Southeast Asia.
UOB said Friday it entered a JV with VI Fund III, or VIG, to set up a subsidiary in Vietnam to develop digital loyalty program services for companies.
UOB became the first foreign bank to open a branch in Zhongshan City in China’s Guangdong Province, the Singapore bank said Thursday.
Overseas lending, particularly business loans, is a key variable in determining whether Singapore banks’ NPLs tick higher, Maybank KimEng said.
UOB Asset Management said Wednesday it completed the acquisition of a 75% stake in Indonesia-based PGAM, expanding its regional network an eighth Asian market.
UOB and BNP Paribas said Tuesday they were joint advisers and coordinators for a US$200M green club loan facility for Agricultural Bank of China’s Singapore branch.
UOB prices US$500 million in 1.625 percent covered bonds due 2022 at 99.694 percent of the principal amount, the bank said in a filing to SGX Friday.
UOB reported Friday 2Q19 net profit rose 8% on-year to S$1.08 billion, beating forecasts from CGS-CIMB and Daiwa, amid strong wealth management flows.