SINGAPORE (Mar 20): UOB Kay Hian, as a listed company, has been in the news recently for another reason. UOB Bank is now its single largest shareholder, with a stake of 38.14%. Separately, Wee Ee Chao, UOB Kay Hian’s chairman and managing director, has been steadily buying up shares of the company from the open market. The most recent purchase was made on March 18, with 128,200 shares bought at $1.13474.This means Ee Chao now owns 29.74% of the company — a hair’s breadth below the 30% general offer (GO) trigger point. Is a privatisation of UOB Kay Hian in the works?

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