Earlier today, Bloomberg reported that the estate of Wee Cho Yaw, the late patriarch of United Overseas Bank (SGX:U11
) (UOB) transferred control of the remaining shares it held to his heirs.
Wee Ee Lim has received 115 million shares in UOL Group and 1.64 million shares in Haw Par Corporation (SGX:H02) from Wee Cho Yaw’s estate, according to bourse filings dated March 7.
Wee is the younger son of the late banking magnate Wee Cho Yaw. He is a chairman at UOL Group and CEO of Haw Par Corporation.
