http://ghchua.blogspot.sg/2009/12/uis-story-closed-end-fund-vs-open-end.html
A few years had passed and the majority shareholders request to liquidate the fund:
http://infopub.sgx.com/FileOpen/UOB-A2013-109.ashx?App=Announcement&FileID=261029
Is this the end game for UIS? Will minorities support the liquidation? Will it be able to liquidate close to NAV, considering there are other liabilities to take care of like liquidation costs, taxes etc? I do hope that patient long term investors of UIS will participate in the end game. As for me, it had been a long ride with UIS and it had been a steady top 30 holdings stock for me. An unsung hero that will never get noticed by me most of the time as I look through my holdings, but I always know that there will be a time when its value will be unlocked and discovered.
Maybe it is coming soon..............
...
