Asset Acquisitions and Disposals::Announcement pursuant to Rule 706A of the SGX-ST Listing Manual

Issuer & Securities

Issuer/ Manager
UNITED OVERSEAS BANK LIMITED
Securities
UNITED OVERSEAS BANK LIMITED - SG1M31001969 - U11
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
03-Nov-2021 17:42:16
Status
New
Announcement Sub Title
Announcement pursuant to Rule 706A of the SGX-ST Listing Manual
Announcement Reference
SG211103OTHR4HED
Submitted By (Co./ Ind. Name)
Theresa Sim
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
United Overseas Bank Limited (UOB) has incorporated a wholly-owned subsidiary called UOB Innovation Hub 2 Sdn. Bhd. (UOB INNOHUB 2) in Malaysia on 2 July 2021. UOB INNOHUB 2 has an issued and paid-up capital of RM500,000 comprising 500,000 ordinary shares and its principal activities are to provide software application development, testing and maintenance, and other shared services support for the UOB Group.