UOB Securities and Kay Hian are now one

The merger of UOB Securities and Kay Hian is officially on as both EGM''s pass the deal.

The shareholders of Kay Hian and UOB Securities have agreed to their proposed merger, which will happen under a scheme of arrangement. The deal was unanimously approved by shareholders of both companies at extraordinary general meetings held in Singapore on Wednesday. The merged entity will be called UOB-Kay Hian Holdings and it will be structured as an investment holding company.

The terms of the merger will firstly see UOB securities buy out all of its overseas interests in...

To continue reading, please login or register for free

Click for more on: uob | securities | kay | hian | one

Print Edition

FinanceAsia Print Edition