UOB Announces Unconditional Cash Offer for Broadway Industrial

TigerNews SG

2025/01/13

United Overseas Bank Limited(UOB), on behalf of Patec Pte. Ltd., has announced a mandatory unconditional cash offer to acquire all issued and paid-up ordinary shares of Broadway Industrial Group Limited. This move signifies a strategic step in consolidating ownership and control over the company, potentially impacting its market standing and operational strategy.

Broadway Industrial Group Limited operates in the industrial sector, focusing on manufacturing and distributing various industrial products. The company is incorporated in Singapore and is involved in the production and supply of essential industrial components.

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