Singapore's UOB ups stake in Vietnam's Southern Bank

Reuters, 20 Oct 2008, Kevin Lim

SINGAPORE, Oct 20 (Reuters) - United Overseas Bank (UOB) (UOBH.SI: Quote, Profile, Research, Stock Buzz), Singapore's second largest lender, said on Monday it has obtained approval from Vietnamese authorities to raise its stake in Vietnam's Southern Bank to 15 percent from 10 percent.

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