United Overseas to list on SGX

UNITED Overseas Australia is seeking to a secondary listing on the Singapore Stock Exchange.

The property company is currently listed on the Australian Stock Exchange and the Bursa Malaysia — the Malaysian Stock Exchange.

UOS has appointed HL Bank, a Singapore banking house to act as lead manager and underwriter for the proposed listing. HL Bank is a wholly owned subsidiary of Hong Leong Bank Berhad, one of Malaysia’s major banking groups.

Together with HL Bank and its own professional advisers, the company is now preparing a draft prospectus to be submitted to the SGX to obtain approval for the listing. It is expected that this submission will be in September 2007.

This prospectus is for the issue of securities to approximately 2000 shareholders at a price to be determined when the prospectus is approved for issue to potential investors.

Australian Property Journal