Sunday, 16 December 2007

United Overseas Australia Limited

United Overseas Australia Limited is a property developer and property investment company based predominantly in Kuala Lumpur, Malaysia. (Why is it not called United Overseas Malaysia ?!?! The name is so misleading!).
2m Public Shares at $0.38
53m Placement shares at $0.38
Issue Manager: HL Bank.
I have not done any detailed analysis on this Company as i personally think the property cycle may be toppish. I will avoid this counter.

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