News Formal

UOB Bullion and Futures to sell brokerage and clearing business for US$5m

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

UOB's wholly owned subsidiary UOB Bullion and Futures has entered into an agreement with financial services firm INTL FCStone to sell its futures and options, brokerage and clearing business for US$5 million, with a view to winding down the business following a review. Read more at The Business Times.

UOB's wholly owned subsidiary UOB Bullion and Futures has entered into an agreement with financial services firm INTL FCStone to sell its futures and options, brokerage and clearing business for US$5 million, with a view to winding down the business following a review.

In statements issued on Tuesday separately to the Singapore Exchange and to the media, UOB and INTL FCStone said respectively that the asset purchase agreement through the latter's Singapore subsidiary hinges on the Monetary Authority of Singapore giving the green light. Deputy chief executive, Asia, of INTL FCStone, Greg Kallinikos said:"Adding such a well-established, Asian-focused futures and options brokerage and clearing business to the INTL FCStone group gives us critical mass in our regional capabilities, provides us access to a solid and reputable client base, and enhances our global product offering out of Singapore.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 15. in İN

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Stocks to watch: UOB, Singtel, Thomson Medical, SIIC Environment, China Sunsine, Anchor ResourcesTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
स्रोत: BusinessTimes - 🏆 15. / 51 और पढो »

Novartis generics boss quits amid conjecture over business's futureNovartis's generics chief is quitting after the Swiss drugmaker sold parts of the business and initiated an 18-month revamp, fueling speculation ...
स्रोत: ChannelNewsAsia - 🏆 6. / 66 और पढो »

New CEO of Walmart Japan and Seiyu says 'not here to sell a business'The newly appointed chief executive of Walmart Japan and Japanese supermarket chain Seiyu said on Monday he had no plan to sell the Japanese ...
स्रोत: ChannelNewsAsia - 🏆 6. / 66 और पढो »

Stocks to watch: UOB, Singtel, Thomson Medical, SIIC Environment, China Sunsine, Anchor ResourcesTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
स्रोत: BusinessTimes - 🏆 15. / 51 और पढो »