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United Overseas Australia Ltd ( (AU:UOS) ) has provided an announcement.
United Overseas Australia Ltd has executed a Share Purchase Agreement for acquiring 100% of shares in VIAS Hong Ngoc Bao Joint Stock Company in Vietnam, valued at approximately US$68.27 million. This acquisition will enable the company to develop a commercial office building in Ho Chi Minh City, expanding its investment portfolio in Vietnam. The project is expected to commence in late 2025, contingent upon the completion of the agreement and necessary approvals.
More about United Overseas Australia Ltd
United Overseas Australia Ltd is a company engaged in property development and investment, with a focus on expanding its operations in Southeast Asia, particularly in Vietnam.
Average Trading Volume: 55,985
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.02B
See more data about UOS stock on TipRanks’ Stock Analysis page.