Business Services Industry
Ace Net Financial will fold in Singapore.
Australasian Business Intelligence, June, 2002
ABIX via COMTEX) -- Keppel Capital Holdings was purchased by Oversea-Chinese Banking Corporation in 2001. Keppel Capital is the owner of Keppel Tat Lee Bank. Overseas Union Bank was purchased by United Overseas Banking Corporation. All are members of the financial market in Singapore. Ace Net Financial Services is a joint venture vehicle of United Overseas Bank and Oversea-Chinese Banking. The two banking institutions have decided to close down the joint venture.
Publication Date: 26 June 2002
OVERSEA-CHINESE BANKING CORPORATION
LIMITED:
UNITED OVERSEAS BANK LIMITED: ACE NET FINANCIAL SERVICES PTE LTD: KEPPEL CAPITAL HOLDINGS LIMITED: KEPPEL TAT LEE BANK: OVERSEAS UNION BANK LIMITED
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