General Announcement::Disposal of 10.29% Interest in Marco Polo Marine Ltd

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
02-Feb-2018 20:12:49
Status
New
Announcement Sub Title
Disposal of 10.29% Interest in Marco Polo Marine Ltd
Announcement Reference
SG180202OTHRN6GA
Submitted By (Co./ Ind. Name)
Theresa Sim
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Further to the announcement made on 26 January 2018, United Overseas Bank Limited ("Bank" ) wishes to announce that it has disposed of its entire 10.29% interest comprising 362,189,351 shares, in Marco Polo Marine Ltd ( "MPML" ), at a price of $0.035 per MPML share. The disposal is not expected to have a material impact on the net tangible assets and earnings per share of the Bank for the financial year ending 31 December 2018.