Wee Ee Cheong

UOB to invest over $500 mil to build new global technology and innovation centre in Punggol - THE EDGE SINGAPORE

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UOB to invest over $500 mil to build new global technology and innovation centre in Punggol

"Our investment here reinforces our commitment to grow our Singapore core," says UOB CEO Wee Ee Cheong

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UOB CEO Wee Ee Cheong's salary grew by 30.2% y-o-y to $14.2 mil after UOB's record-high earnings for FY2022

In his deputy chairman and CEO’s report, Wee acknowledged that FY2022 was a “strong year” financially for the bank.

Global Economy

Briefs: Wee Cho Yaw relinquishes board roles, China's factory activity tops decade high

"Evolve or die. That’s what’s happening here." - Bridgewater Associates CEO Nir Bar Dea.

Insider moves

CEO Wee of UOB and chairman Tan of Kim Heng raise stakes in respective companies

UOB's total payout for FY2022, at $1.35, is equal to a payout ratio of 49%
Wee Cho Yaw to step down as chairman of the board at UOI; Wee Ee Cheong to become next chairman - THE EDGE SINGAPORE

New appointments

Wee Cho Yaw to step down as chairman of the board at UOI; Wee Ee Cheong to become next chairman

Wee will retire by rotation and not seek a re-election at the group’s AGM, which will be held on April 14.
UOB posts record high earnings of $1.4 bil in 3QFY2022, up 34% y-o-y - THE EDGE SINGAPORE

Results

UOB posts record high earnings of $1.4 bil in 3QFY2022, up 34% y-o-y

During the 9MFY2022, net profit surged by 12% y-o-y to $3.42 billion.

Insider moves

Insiders of UOB, A-Sonic, Meta Health and United Hampshire make market purchases

Wee Ee Cheong bought shares of UOB while Wee Teng Wen bought shares of United Hampshire US REIT

Insider moves

CEO Wee in the market for UOB shares with $2 million spent over three trading days

Wee paid between $26.7227 and $26.95 each for the shares

Insider moves

United Hampshire US REIT director Wee bought shares

United Hampshire US REIT closed Aug 19 at 60 US cents

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Public trust in Singapore banks remains despite Covid-19 uncertainties: ABS survey

The participating banks in this survey include Bank of Singapore, Citi, DBS, HSBC, Maybank, Nomura, OCBC and UOB.
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