UOI, which is the insurance arm of UOB, will be satisfying the total consideration in cash from internal sources. A $2.6 million deposit was paid to UOB upon signing of the agreement on Wednesday.
SINGAPORE (Dec 18): United Overseas Insurance (UOI) is acquiring an office property located at 146 Robinson Road from United Overseas Bank (UOB) for $52 million, the group reported on Wednesday.
The property is a 12-storey office building with a gross floor area (GFA) of 4,631.49 sqm, and has a leasehold estate of 99 years from June 3 1992.
