March 18 (Reuters) - United Overseas Australia Ltd UOS.AX :
* CO THROUGH UNIT HAS ENGROSSED LETTER OF OFFER TO ACQUIRE A MIXED-USE DEVELOPMENT SITE IN HO CHI MINH CITY, VIETNAM
* LAND RIGHT ACQUISITION COST ON ACCEPTANCE WILL BE ABOUT AUD$33.5 MILLION
* CO TO PROCEED WITH ACCEPTANCE OF LETTER OF & PROCEED WITH PURCHASE SUBJECT TO SATISFACTORY DUE DILIGENCE BEING COMPLETED