The accusations involve the terms of an agreement from 2017 for UOB and other lenders to grant loan facilities of up to HK10 billion US13 billion to group entity Adventure Success Ltd. Distressed China Builder Shimao Sued by UOB Over Loan Terms Distressed Chinese.
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Fri Jul 29 2022 - 905 AM.
. UOB alleged that Shimao and the group entities breached terms of certain loan and security agreements by purportedly re-allocating loans and allotting shares between the entities without the Singapore banks consent according to a writ in the High Court of Hong Kong dated July 12. With the new UOB SME app SMEs can get access to a suite of digital solutions that will help them to manage their human resources payroll logistics and digital marketing needs. SIA Hongkong Land Jardine Matheson UOB Keppel ThaiBev Japfa.
Keppel said that its higher net profit was underpinned by profitability across all its segments including the discontinued offshore and marine. The terms were meant to secure the obligations of the unit which holds a private residential land development project in Hong Kongs Kowloon area. UOB on Friday Aug 26 launched an all-in-one digital banking platform to help meet the financing and business needs of small and medium-sized enterprises SMEs.
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