General Announcement::Dilution of Interest in Ping An Fund Management Company Limited

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
07-Dec-2018 17:33:02
Status
New
Announcement Sub Title
Dilution of Interest in Ping An Fund Management Company Limited
Announcement Reference
SG181207OTHRII0W
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 (UOB) wishes to announce that following the increase in the paid up capital of Ping An Fund Management Company Limited (PAFMC) (formerly known as Ping An UOB Fund Management Company Limited) from RMB0.3 billion to RMB1.3 billion, UOB Asset Management Ltd's (subsidiary of UOB) shareholding in PAFMC has reduced from 25% to 17.51%. Hence PAFMC is no longer an associated company of UOB.