General Announcement::INCORPORATION OF A SUBSIDIARY COMPANY
Issuer & Securities
Issuer/ Manager
UNITED OVERSEAS BANK LIMITED
Securities
UNITED OVERSEAS BANK LTD - SG1M31001969 - U11
Stapled Security
No
Announcement Details
Announcement Title
General Announcement
Date &Time of Broadcast
27-May-2016 17:54:03
Status
New
Announcement Sub Title
INCORPORATION OF A SUBSIDIARY COMPANY
Announcement Reference
SG160527OTHRW7Z8
Submitted By (Co./ Ind. Name)
Joyce Sia
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
United Overseas Bank Limited wishes to announce that it has formed a wholly-owned subsidiary called U.S. RE UOB Eagle Rock Fund II Offshore Feeder 1 Ltd (the "Offshore Feeder") in the Cayman Islands. The Offshore Feeder is the sole owner of U.S. RE UOB Eagle Rock Fund II Offshore Holdco 1 LLC, a Limited Partner in the UOB Eagle Rock Multifamily Property Fund II LP (the "Fund"). The Fund is a Delaware limited partnership and it will invest in multifamily residential rental property assets, which provide recurring current rental income with the potential for capital appreciation upon disposition.
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