Singapore

UNITED Overseas Bank (UOB) has inked a pact with Shanghai Qilu Industrial, a state-owned company under the Shandong provincial government, to provide financing of up to three billion yuan (S$600 million) to Shandong-based companies.

The financing will help Shandong's leading companies in the logistics, construction, infrastructure and industrials sectors expand into South-east Asia, UOB said on Tuesday.