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Published Tue, Mar 24, 2015 · 09:50 PM

UOB in move to privatise Far Eastern Bank

UNITED Overseas Bank (UOB) is looking to privatise Far Eastern Bank (FEB) by offering S$3.51 per share for the shares that it does not own in FEB, which could total up to S$74.15 million. UOB already holds a 78.88 per cent stake in FEB, a public unlisted company. The offer will provide shareholders the opportunity to realise their…

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