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%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

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.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 15. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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.
Источник: BusinessTimes - 🏆 15. / 51 Прочитайте больше »

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 ...
Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »

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 ...
Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »

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.
Источник: BusinessTimes - 🏆 15. / 51 Прочитайте больше »