United Overseas Australia appoints HL Bank for SGX

Wembley-based investment holdings group United Overseas Australia Ltd has appointed HL Bank as its lead manager and underwriter for its proposed float on the Singapore Stock Exchange, the company has announcned.

The full text of a company announcement is pasted below

On May 25 this year, the company announced to the market that the company had resolved to proceed with making an application for a secondary listing on the Singapore Stock Exchange.

The company has appointed HL Bank, a Singapore banking house to act as lead manager and underwriter for the proposed listing.

HL Bank is a wholly owned subsidiary of Hong Leong Bank Berhad, one of Malaysia's major banking groups.

Together with HL Bank and its own professional advisers, the company is now preparing a draft prospectus to be submitted to the Singapore Stock Exchange to obtain approval for the listing. It is expected that this submission will be in September 2007.

This prospectus is for the issue of securities to approximately 2000 shareholders at a price to be determined when the prospectus is approved for issue to potential investors.

A copy of this document as part of the Australian reporting and statutory requirements will be given to the Australian Stock Exchange at the same time it is submitted to the Singapore Stock Exchange.

At present a tentative listing timetable is being determined and this will be announced as soon as practicable.