SINGAPORE - The following companies saw new developments that may affect trading of their shares on Tuesday:
United Overseas Bank : The lender's wholly-owned subsidiary UOB Asset Management intends to acquire VAM Vietnam Fund Management Joint Stock Company for a cash consideration of 113,680 million dong . UOB Asset Management has entered into an agreement with individual Nguyen Xuan Minh for the initial acquisition of 1.13 million ordinary shares of VAM Vietnam Fund Management Joint Stock Company, representing about 24.53 per cent of the issued share capital. UOB shares closed down $0.05 or 0.
BreadTalk Group: It announced on Monday after trading hours that a joint-venture agreement entered into with its wholly-owned subsidiary BreadTalk International and PT Pura Indah Berkat in March 2018 was terminated on mutual agreement. Upon completion of the JV termination, PT PIB would transfer its 30 per cent equity interest in the joint-venture company, PT BTG Pura Indah Berkat Venture, to BreadTalk Pte Ltd, a wholly-owned subsidiary of BreadTalk, for a consideration of US$1.00.
Prime US Reit: It announced after trading hours on Monday that it has been included in the MSCI Singapore Small Cap Index, as at the close of market trading on Nov 26. The MSCI Singapore Small Cap Index is designed to measure the performance of the small-cap segment of the Singapore market. With 51 constituents as at Oct 31 this year, the index represents about 14 per cent of the free float-adjusted market capitalisation of Singapore equities. Prime US Reit closed up $0.005 or 0.
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