SINGAPORE (Dec 18): United Overseas Bank has agreed to subscribe to RMB1.86 billion ($360 million) worth of shares in troubled Hengfeng Bank Co in China.

Hengfeng Bank is a Chinese commercial bank based in the Eastern province of Shandong with branches across the country.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook