trending Market Intelligence /marketintelligence/en/news-insights/trending/bc-RES8vRAYAuKQ_awAT_w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

DBS Group boosts shareholding in DBS Bank

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

DBS Group boosts shareholding in DBS Bank

DBS Group Holdings Ltd. boosted its shareholding in unit DBS Bank Ltd.

The group subscribed to an additional 36,599,099 ordinary shares in the capital of the bank for an aggregate issue price of S$650 million in cash. Following the subscription, DBS Group's shareholding rose to 2,611,242,440 ordinary shares in the bank, according to a Dec. 23 statement.

The acquisition is not expected to impact DBS Group's financial results for the year ending Dec. 31.

As of Dec. 26, US$1 was equivalent to S$1.45.