Stockbroking interests merge

PUBLISHED : Thursday, 30 March, 2000, 12:00am
UPDATED : Thursday, 30 March, 2000, 12:00am

Singapore: United Overseas Bank (UOB) is to merge its securities and investments firms with a local stockbroker. The stockbroking interests of UOB in Malaysia, Indonesia, Thailand and the Philippines will be transferred to a new single holding company to be formed with Kay Hian Holdings. The merger is the second in the country's stockbroking industry following that of Vickers Ballas and G.K. Goh Stockbrokers in December.