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Published Tue, Feb 18, 2014 · 10:00 PM

UOB to sell its indirect stake in Uni.Asia

UNITED Overseas Bank plans to divest itself of its 33.37 per cent indirect shareholding in Uni.Asia General Insurance Bhd for RM374.5 million (S$143.3 million) in cash. The sale is pending regulatory approval. On completion of the sale, UAG will cease to be an associated company of UOB and its subsidiary, UOB (Malaysia) Bhd. UAG, a general in…

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