United Overseas Bank to Increase Investment in Vietnam Subsidiary; Shares Up 8%

MT Newswires

Apr 10, 2025

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.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0516422440.USD","symbol_name":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2526379243","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526379243","pubTimestamp":1744252987,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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