United Overseas Bank (SGX:U11) has drawn out plans to increase the charter capital of its Vietnam subsidiary to around SG$520 million, according to a report by the Singapore Business Review on Wednesday.
The bank is looking to inject around SG$103.4 million which will almost double the charter capital from 2021, the report said.
Under the new strategy, UOB will also invest in a new headquarters which will house a majority of the bank's workforce, the report added.
Shares of the bank were up nearly 8% in recent trading.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。