UOS united overseas australia limited
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News: UOS United Overseas Australia says foreign investment review board granted approval for an...

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    02/06/17
    16:35
    Post #: 25069938

    June 2 (Reuters) - United Overseas Australia Ltd (UOS)

    • Entered into a memorandum of understanding to progress formal agreements with psaros group of companies
    • United overseas Australia through unit has acquired a 51% interest in East Parade Pty Ltd, S.P.V. Developing project
    • Foreign investment review board approval has now been granted for acquisition and other conditions precedent met
    • United Overseas Australia Ltd says project consists of 70 high end residential units and 3 commercial units with a value at completion of about A$34 million
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