2008-06-04 23:58:26 -
- UCBH Holdings, Inc. (NASDAQ:UCBH), the holding company of United Commercial Bank (UCB(TM)), announced today that it intends to offer 135,000 shares, or $135 million in aggregate liquidation preference, of Non-Cumulative Perpetual Convertible Preferred Stock (the "Preferred Stock"). UCBH is also granting the underwriters a 30-day option to purchase up to an additional 20,250 shares, or $20.25 million in aggregate
liquidation preference, of Preferred Stock to cover overallotments, if any.
UCBH expects to use the net proceeds from this offering for general corporate purposes.
Merrill Lynch & Co. is serving as the sole book-running manager.
The offering will be made under UCBH's automatic shelf registration statement filed with the Securities and Exchange Commission on June 4, 2008.
Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering can be obtained from Merrill Lynch & Co., Attn: Prospectus Department, 4 World Financial Center, New York, NY 10080 (Telephone: 212-449-1000).
This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.
About UCBH Holdings, Inc.
UCBH Holdings, Inc., with $12.74 billion in assets as of March 31, 2008, is the holding company for United Commercial Bank, a state-chartered commercial bank, which is a leading bank in the United States serving the Chinese communities and American companies doing business in Greater China. Together, the Bank and its subsidiaries, including United Commercial Bank (China) Limited, operate 77 branches/offices and provide commercial banking services to small- and medium-sized businesses and professionals in a variety of industries, as well as consumer and private client services to individuals.
UCBH Holdings, Inc.
Douglas Mitchell, 415-315-2800
Senior Vice President
Corporate Development and Investor Relations
or
EVC Group
Investor Relations:
Douglas M. Sherk or Jenifer Kirtland, 415-896-6820
Media Relations:
Steve DiMattia, 646-201-5445
