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Minority shareholders request UOI to distribute Haw Par shares, unlock shareholder value

All shareholder requests and questions will be addressed at the insurer’s upcoming AGM, says UOI CEO

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Tan Nai Lun

Tan Nai Lun

Published Fri, Feb 28, 2025 · 05:36 PM — Updated Mon, Mar 3, 2025 · 04:52 PM
    • A group of shareholders, representing around 2.8 million shares or 4.5% of UOI’s total shares, have proposed resolutions to be tabled at its upcoming AGM, according to a letter seen by The Business Times.
    • A group of shareholders, representing around 2.8 million shares or 4.5% of UOI’s total shares, have proposed resolutions to be tabled at its upcoming AGM, according to a letter seen by The Business Times. PHOTO: BT FILE

    SOME minority shareholders of United Overseas Insurance (UOI) have proposed two resolutions to be tabled at the insurance provider’s upcoming annual general meeting (AGM), in a bid to further unlock shareholder value.

    These include distributing UOI’s holding of 4.27 million shares in healthcare player Haw Par Corporation to shareholders of the former, as well as appointing an independent financial adviser (IFA).

    The proposal came from a group of shareholders, representing around 2.8 million shares or 4.5 per cent of UOI’s total shares, according to a letter seen by The Business Times.

    United Overseas InsuranceShareholder activismUOBhaw par corpGreat Eastern

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