Chinese Property Tycoon Faces Payment Demands on Overdue Loans [BNN Bloomberg (Canada)]
UNITED OVRSEAS BK S/ADR (UOVEY)
NASDAQ:AMEX Investor Relations:
uobgroup.com/investor/index.html
Company Research
Source: BNN Bloomberg
million of loans for which he and his family had provided personal guarantees, in a sign of further liquidity problems for the businessman and his property-investment company. Nanyang Commercial Bank Ltd. has demanded payment from Chen Hongtian, chairman of Hong Kong-based investment company Cheung Kei Group, and his wife, Chen Li Ni Yao, on five overdue term-loan facilities totaling HK$799 million ($102 million), plus default interest, according to a writ dated April 17. Each has provided personal guarantees for the loans and has agreed to be liable independently to pay for all sums guaranteed, according to the writ. The term loans dated 2017 all have a five-year tenor and were outstanding as of March 8. Plagued by what he has called “short-term liquidity issues” at Cheung Kei, which acquires and operates real estate assets globally, Chen has lost at least $1.4 billion worth of properties to creditors, both in Hong Kong and London, according to data compiled by Bloomberg. Among
Show less
Read more
Impact Snapshot
Event Time:
UOVEY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
UOVEY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
UOVEY alerts
High impacting UNITED OVRSEAS BK S/ADR news events
Weekly update
A roundup of the hottest topics
UOVEY
News
- "Artful-noon" dining experiences await as UOB launches 43rd UOB Painting of the Year competitionPR Newswire
- DBS quarterly results trounce forecasts, another record year expected [CNBC]CNBC
- DBS CEO Gupta Sees Another Record Year After Earnings Beat [Yahoo! Finance Canada]Yahoo! Finance Canada
- DBS Profit Beats Estimates on Higher Lending, Wealth Fees Growth [BNN Bloomberg (Canada)]BNN Bloomberg
- Why You Might Be Interested In United Overseas Insurance Limited (SGX:U13) For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance