29-05-2023, 03:31 PM
![](https://i.imgur.com/CLvY2jA.png")
Fed aggressive rate hikes always cause deep recession
29-05-2023, 03:40 PM
but are the concerns just concerns and will not happen since the bank directors are still buying in april to may 2023
however, growing investor concerns about a peak in net interest margin and a slowing economy might have led to a selloff in the bank stocks.
however, growing investor concerns about a peak in net interest margin and a slowing economy might have led to a selloff in the bank stocks.
29-05-2023, 03:42 PM
30-05-2023, 10:15 AM
https://www.channelnewsasia.com/world/ch...ue-3524256
the debt ceiling dialogue in the defense format
the debt ceiling dialogue in the defense format
30-05-2023, 10:16 AM
meaning it is real or just a political drama between number 1 and number2
30-05-2023, 10:18 AM
number 1 want to crashed hk and china so all the money flow out of the country so it is how number 2 do to decouple from the threat of the usd weapon after 10 rate hikes
30-05-2023, 10:20 AM
https://english.news.cn/20230529/6a7490f...272/c.html
will the dollar 's supremacy overpower asean after the dialogue
will the dollar 's supremacy overpower asean after the dialogue
30-05-2023, 10:27 AM
30-05-2023, 11:44 AM
30-05-2023, 11:57 AM
https://www.straitstimes.com/business/ma...rae-lapses
USD/KRW - US Dollar Korean Won
Real-time Currencies
1,322.59
-0.85(-0.06%)
USD/KRW - US Dollar Korean Won
Real-time Currencies
1,322.59
-0.85(-0.06%)
30-05-2023, 11:58 AM
06-06-2023, 11:56 AM
when US economy hit the rock then
https://www.pgpf.org/blog/2021/03/what-t...lus-checks
https://www.investopedia.com/government-...is-4799723
https://www.pgpf.org/blog/2021/03/what-t...lus-checks
https://www.investopedia.com/government-...is-4799723
15-06-2023, 09:07 AM
COMPLETION OF ACQUISITION OF STAKE FOR THE DEVELOPMENT OF RESIDENTIAL PROJECT
IN THU DUC CITY, HO CHI MINH CITY
Unless otherwise defined, all terms and references used herein shall bear the same meanings as
ascribed to them in the Announcement (as defined below).
Keppel Corporation Limited (the “Company”) refers to its announcement issued on 26 May 2023
(“Announcement”) in relation to, amongst others, the acquisition of 49% of the charter capital of Doan
Nguyen House Trading Investment Company Limited (“DN LLC”) by VN Victory Pte. Ltd. (a 50-50 joint
venture between a subsidiary of Keppel Land Limited and Keppel Vietnam Fund) from Phuoc Nguyen
Real Estate Investment JSC (the “DN Acquisition”).
The Company wishes to announce that the DN Acquisition has been completed, and DN LLC has
become an associated company of the Company
6/6/2023
IN THU DUC CITY, HO CHI MINH CITY
Unless otherwise defined, all terms and references used herein shall bear the same meanings as
ascribed to them in the Announcement (as defined below).
Keppel Corporation Limited (the “Company”) refers to its announcement issued on 26 May 2023
(“Announcement”) in relation to, amongst others, the acquisition of 49% of the charter capital of Doan
Nguyen House Trading Investment Company Limited (“DN LLC”) by VN Victory Pte. Ltd. (a 50-50 joint
venture between a subsidiary of Keppel Land Limited and Keppel Vietnam Fund) from Phuoc Nguyen
Real Estate Investment JSC (the “DN Acquisition”).
The Company wishes to announce that the DN Acquisition has been completed, and DN LLC has
become an associated company of the Company
6/6/2023
15-06-2023, 09:12 AM
target -$7.30 (-0.42cts away from its all time high of $7.72 inclusive of coming $0.15 dividend)
https://links.sgx.com/FileOpen/20230614_...nouncement&FileID=762428
MEDIA RELEASE
Keppel grows Energy-as-a-Service business in Thailand
Keppel secures new EaaS contracts and signs MOUs with partners, and breaks ground for
the district cooling plant for the iconic Sam Yan Smart City in the heart of Bangkok
Thailand, 14 June 2023 – Keppel has, through its joint venture1 with Decarb Corporation
Company Limited (Decarb), secured two contracts to provide Energy-as-a-Service (EaaS) for
Centara Watergate and Watergate Pavilion, a hotel and a shopping mall, located in the vicinity
of Sam Yan Smart City in Bangkok.
Under the contracts, Keppel will design and retrofit the buildings’ existing chilled water systems
to improve their energy efficiency and asset performance. More than 23% in cost savings are
expected over the projects’ life cycles of 20 years. The projects are expected to be completed
by 2024 and will have a combined design capacity of 1,350 Refrigeration Tonnes (RT). The
projects are expected to reduce over 18,000 tonnes of carbon emissions over the 20-year
period, which is equivalent to the carbon abatement of planting 12,500 trees.
It is envisaged that Keppel will own and operate the systems throughout the contract period,
through a long-term supply and service subscription. This EaaS subscription model is the first
of its kind in Thailand, which aims to provide fast go-to-market and customer-centric energy
efficiency solutions, and marks a significant milestone as Keppel continues to expand its
cooling and EaaS portfolio regionally.
In addition, two Memorandums of Understanding (MOUs) were signed to implement EaaS,
which include cooling, solar photovoltaic systems and electric vehicle charging. The first MOU
was entered into by Keppel, Decarb and Thai Hospitality Management Company Limited, and
the second MOU was entered into by Keppel, Decarb and Thai Bonnet Trading Zone Company
Limited. The proposed projects under the two MOUs are expected to commence in 2024, will
have a combined design capacity of more than 4,000 RT and are expected to reduce over
58,000 tonnes of carbon emissions over 20 years, which is equivalent to the carbon abatement
of 40,000 trees.
On the same day of the signings, Keppel and the joint venture partners, Thai renewable energy
company BCPG Public Company Limited (BCPG) and Thai engineering consultancy TEAM
Consulting Engineering and Management Public Company Limited (TEAM Group)2, held the
ground-breaking ceremony for the District Cooling System (DCS) plant serving the iconic Sam
Yan Smart City in Bangkok. The DCS plant, with a project value more than THB 7.5 billion
(S$329 million) will be implemented in phases to serve the Sam Yan Smart City master
development. The DCS plant will have a projected cooling load of 18,000 RT to serve the
cooling needs of eight developments, covering office, retail and residential properties. Under
the project, Keppel will lead the operations and maintenance of the DCS plant for 20 years
following the plant’s completion to deliver energy efficient and reliable chilled water from the
https://links.sgx.com/FileOpen/20230614_...nouncement&FileID=762428
MEDIA RELEASE
Keppel grows Energy-as-a-Service business in Thailand
Keppel secures new EaaS contracts and signs MOUs with partners, and breaks ground for
the district cooling plant for the iconic Sam Yan Smart City in the heart of Bangkok
Thailand, 14 June 2023 – Keppel has, through its joint venture1 with Decarb Corporation
Company Limited (Decarb), secured two contracts to provide Energy-as-a-Service (EaaS) for
Centara Watergate and Watergate Pavilion, a hotel and a shopping mall, located in the vicinity
of Sam Yan Smart City in Bangkok.
Under the contracts, Keppel will design and retrofit the buildings’ existing chilled water systems
to improve their energy efficiency and asset performance. More than 23% in cost savings are
expected over the projects’ life cycles of 20 years. The projects are expected to be completed
by 2024 and will have a combined design capacity of 1,350 Refrigeration Tonnes (RT). The
projects are expected to reduce over 18,000 tonnes of carbon emissions over the 20-year
period, which is equivalent to the carbon abatement of planting 12,500 trees.
It is envisaged that Keppel will own and operate the systems throughout the contract period,
through a long-term supply and service subscription. This EaaS subscription model is the first
of its kind in Thailand, which aims to provide fast go-to-market and customer-centric energy
efficiency solutions, and marks a significant milestone as Keppel continues to expand its
cooling and EaaS portfolio regionally.
In addition, two Memorandums of Understanding (MOUs) were signed to implement EaaS,
which include cooling, solar photovoltaic systems and electric vehicle charging. The first MOU
was entered into by Keppel, Decarb and Thai Hospitality Management Company Limited, and
the second MOU was entered into by Keppel, Decarb and Thai Bonnet Trading Zone Company
Limited. The proposed projects under the two MOUs are expected to commence in 2024, will
have a combined design capacity of more than 4,000 RT and are expected to reduce over
58,000 tonnes of carbon emissions over 20 years, which is equivalent to the carbon abatement
of 40,000 trees.
On the same day of the signings, Keppel and the joint venture partners, Thai renewable energy
company BCPG Public Company Limited (BCPG) and Thai engineering consultancy TEAM
Consulting Engineering and Management Public Company Limited (TEAM Group)2, held the
ground-breaking ceremony for the District Cooling System (DCS) plant serving the iconic Sam
Yan Smart City in Bangkok. The DCS plant, with a project value more than THB 7.5 billion
(S$329 million) will be implemented in phases to serve the Sam Yan Smart City master
development. The DCS plant will have a projected cooling load of 18,000 RT to serve the
cooling needs of eight developments, covering office, retail and residential properties. Under
the project, Keppel will lead the operations and maintenance of the DCS plant for 20 years
following the plant’s completion to deliver energy efficient and reliable chilled water from the
15-06-2023, 09:14 AM
liked 2001 now is the time to sell dbs and keep cash
DBS unveils $5.4bn bid for Dao Heng
Singapore's largest bank, DBS Group, is on an expansion tear
Singapore's largest bank, DBS Group, is on an expansion tear
April 11, 2001
Web posted at: 7:56 PM EDT (2356 GMT)
In this story:
A top-four player
Guoco's plans unclear
HONG KONG, China -- Singapore-based DBS Group will buy a controlling stake in Dao Heng Bank in a deal that values the Hong Kong bank at $5.4 billion.
DBS is Southeast Asia's largest bank, while Dao Heng ranks fourth in Hong Kong.
The Guoco Group, controlled by Malaysian tycoon Quek Leng Chan, will sell its 71.3 percent stake in Dao Heng to a DBS subsidiary, DBS Diamond Holdings Ltd.
DBS said it will also bid for the remaining shares to gain 100 percent control, and was confident of getting at least 80 percent.
DBS is offering $HK60.14 per Dao Heng share, which is a 60 percent premium to the April 4 closing price. This values Dao Heng Bank at $5.4 billion (HK$41.92 billion).
A second bid option is $HK43.26 cash and one new DBS Diamond Holdings share for each Dao Heng share.
Ratings agency Standard & Poor's put DBS Bank's debt ratings on negative watch after the deal was announced, and put Dao Heng Bank on positive watch.
S&P said it was concerned about the impact of the proposed acquisition on DBS Bank's capital profile. It said the price implied a goodwill component of about $2.76 billion. "The acquisition of Dao Heng by DBS effectively creates the first Asian regional bank," DBS vice president and chief executive Philippe Paillart said late on Wednesday in Hong Kong. DBS Group had asked for its shares to be suspended Tuesday, pending an announcement. The formal bid was finally delivered late Wednesday after intense negotiations on price.
A top-four player
DBS is already Southeast Asia's largest bank. The deal makes DBS a top-five player in the Hong Kong and Singapore markets and the only bank to have a significant presence in both.
Singaporean laws restrict the operations and expansion of banks that operate in Singapore but aren't based there, such as HSBC and Standard Chartered.
DBS bought a smaller Hong Kong-based bank, Kwong On Bank, in 1999.
Dao Heng had $17.6 billion, or HK$136.9 billion, in assets at the end of 2000. It has recently been expanding into China.
Trading in Dao Heng, which has a market capitalization of $3.3 billion, and its majority owner, the Guoco Group Ltd, was suspended Friday.
DBS shares fell 7.8 percent on Monday to Singapore $15.30 on fears it was overpaying.
Dao Heng photo
Dao Heng is likely to command a hefty premium, meaning DBS needs to work hard to make any deal pay off
One analyst said a move for Dao Heng is strategically sound in the long run. But it will require a substantial commitment from DBS management to cut costs and make the deal pay off.
Guoco's plans unclear
DBS has limited options for expansion in Hong Kong, a market dominated by HSBC, the Bank of China, Standard Chartered and the Bank of East Asia.
Dao Heng is by far the largest holding of Quek's Guoco Group. Quek also owns the Hong Leong Group in Malaysia.
Shares of Guoco's property group First Capital Corp. leaped more than 29 percent on Tuesday as investors speculated Quek would use proceeds of the sale to take it private. Guoco owns 53 percent of the company and has been buying stock.
The Singaporean government owns about 35 percent of DBS and wants to reduce its holding. Swapping stock for Dao Heng would allow it to do that.
DBS, the largest bank in Singapore, has expanded aggressively recently. It has bought banks in Thailand and the Philippines. It is also targeting Australia and operates in China and Indonesia, too.
Last year, DBS was rumored to be looking at buying Standard Chartered. But nothing came of the speculation.
DBS unveils $5.4bn bid for Dao Heng
Singapore's largest bank, DBS Group, is on an expansion tear
Singapore's largest bank, DBS Group, is on an expansion tear
April 11, 2001
Web posted at: 7:56 PM EDT (2356 GMT)
In this story:
A top-four player
Guoco's plans unclear
HONG KONG, China -- Singapore-based DBS Group will buy a controlling stake in Dao Heng Bank in a deal that values the Hong Kong bank at $5.4 billion.
DBS is Southeast Asia's largest bank, while Dao Heng ranks fourth in Hong Kong.
The Guoco Group, controlled by Malaysian tycoon Quek Leng Chan, will sell its 71.3 percent stake in Dao Heng to a DBS subsidiary, DBS Diamond Holdings Ltd.
DBS said it will also bid for the remaining shares to gain 100 percent control, and was confident of getting at least 80 percent.
DBS is offering $HK60.14 per Dao Heng share, which is a 60 percent premium to the April 4 closing price. This values Dao Heng Bank at $5.4 billion (HK$41.92 billion).
A second bid option is $HK43.26 cash and one new DBS Diamond Holdings share for each Dao Heng share.
Ratings agency Standard & Poor's put DBS Bank's debt ratings on negative watch after the deal was announced, and put Dao Heng Bank on positive watch.
S&P said it was concerned about the impact of the proposed acquisition on DBS Bank's capital profile. It said the price implied a goodwill component of about $2.76 billion. "The acquisition of Dao Heng by DBS effectively creates the first Asian regional bank," DBS vice president and chief executive Philippe Paillart said late on Wednesday in Hong Kong. DBS Group had asked for its shares to be suspended Tuesday, pending an announcement. The formal bid was finally delivered late Wednesday after intense negotiations on price.
A top-four player
DBS is already Southeast Asia's largest bank. The deal makes DBS a top-five player in the Hong Kong and Singapore markets and the only bank to have a significant presence in both.
Singaporean laws restrict the operations and expansion of banks that operate in Singapore but aren't based there, such as HSBC and Standard Chartered.
DBS bought a smaller Hong Kong-based bank, Kwong On Bank, in 1999.
Dao Heng had $17.6 billion, or HK$136.9 billion, in assets at the end of 2000. It has recently been expanding into China.
Trading in Dao Heng, which has a market capitalization of $3.3 billion, and its majority owner, the Guoco Group Ltd, was suspended Friday.
DBS shares fell 7.8 percent on Monday to Singapore $15.30 on fears it was overpaying.
Dao Heng photo
Dao Heng is likely to command a hefty premium, meaning DBS needs to work hard to make any deal pay off
One analyst said a move for Dao Heng is strategically sound in the long run. But it will require a substantial commitment from DBS management to cut costs and make the deal pay off.
Guoco's plans unclear
DBS has limited options for expansion in Hong Kong, a market dominated by HSBC, the Bank of China, Standard Chartered and the Bank of East Asia.
Dao Heng is by far the largest holding of Quek's Guoco Group. Quek also owns the Hong Leong Group in Malaysia.
Shares of Guoco's property group First Capital Corp. leaped more than 29 percent on Tuesday as investors speculated Quek would use proceeds of the sale to take it private. Guoco owns 53 percent of the company and has been buying stock.
The Singaporean government owns about 35 percent of DBS and wants to reduce its holding. Swapping stock for Dao Heng would allow it to do that.
DBS, the largest bank in Singapore, has expanded aggressively recently. It has bought banks in Thailand and the Philippines. It is also targeting Australia and operates in China and Indonesia, too.
Last year, DBS was rumored to be looking at buying Standard Chartered. But nothing came of the speculation.
15-06-2023, 09:17 AM
* Reluctant to overpay after pricy 2001 HK bank buy
* Eyes Indonesia, where banks command hefty premiums
* Fund manager cautions DBS against buying at any price
SINGAPORE, Nov 6 (Reuters) - Eight years after burning its fingers on a pricy acquisition in Hong Kong, Singapore's DBS Group Holdings Ltd DBSM.SI, Southeast Asia's biggest bank, faces a dilemma -- stick to growing its existing business or beef up its Asia presence with a significant buy.
Memories of the Dao Heng purchase -- DBS paid $5.8 billion in 2001 and then had a big writedown in late 2005 -- still haunt DBS as critics say the acquisition failed to deliver value for money.
DBS has since been super cautious, shunning expensive bank deals in growth economies like China and steering clear of the recent bidding race for ING's Asian private bank that was snapped up by smaller rival Oversea-Chinese Banking Corp Ltd OCBC.SI.
With ex-Citibanker and Southeast Asian expert Piyush Gupta taking over the reins at DBS, investors are looking for a new strategy that enables the bank to expand more aggressively in the region, where it has trailed rivals.
“It has to be an opportunistic strategy based on what exposure they can get at the right price,” said Mike Kerley, a London-based fund manager at Henderson Global Investors, which owns DBS shares.
“As a shareholder I would be cautioning them of growth at any price, I don’t want them to overpay to increase exposure elsewhere in the region.”
Investor concern is highlighted by a poor performance at its Hong Kong unit, its biggest market outside Singapore. Net profit there fell by a third in 2008 and its contribution to group profit dropped to 19 percent from 29-30 percent.
DBS is still carrying Dao Heng at 3 times price-to-book "which is totally unjustifiable given the inferior profitability of the franchise," said Credit Suisse analyst Sanjay Jain. Most Hong Kong banks trade at 1.1 to 1.9 times book except for Hang Seng Bank 0011.HK, which trades at 4 times, Credit Suisse estimates.
For latest DBS quarterly earnings, click [ID:nSIN12742]
DBS’s strategy under Chairman Koh Boon Hwee, who has run the bank since January, is to build market share in loans, debts and equity markets, while increasing its presence in China, India and Indonesia through more branches.
This has succeeded in that DBS has won market share from foreign rivals, who were scaling back in Asia as the global crisis forced the likes of Citigroup C.N and Bank of America BAC.N to take huge credit losses.
But as global banks return to take advantage of opportunities in a region that has outperformed the developed world and has shown resilience during the crisis, analysts question whether organic growth will be a viable option.
HURDLES
Government regulation has prevented DBS from expanding in Malaysia and India, while in Indonesia it is beset by a hefty premium that bank assets command and hurdles faced by its biggest shareholder, state investor Temasek [TEM.UL].
Temasek, which owns 28 percent of DBS, has faced Indonesian regulatory pressure on its subsidiaries to divest or merge. Last year, Temasek sold a majority stake in Bank Internasional Indonesia BNII.JK to Malaysia's biggest bank Maybank MBBM.KL.
DBS says Indonesian regulatory policy does not affect the bank because it has a “single bank” presence in Southeast Asia’s biggest economy, but admitted that organic growth is slow.
DBS aims to double its branches in Indonesia in three years and will look out for an acquisition. [ID:SIN215053]
Analysts said building an existing business in Indonesia won’t be easy because of severe competition, and acquisition may be constrained by regulatory bottlenecks.
“Meaningful organic growth is unrealistic when the top five banks control 55 percent of deposits and are also not realistic M&A targets,” said Matthew Wilson, an analyst at Morgan Stanley.
He said the Indonesian central bank's "single presence" policy is a difficult inorganic hurdle with Temasek a substantial shareholder in both Danamon BDMN.JK and DBS. (Editing by Ian Geoghegan)
Our Standards: The Thomson Reuters Trust Principles.
dbs was ok until 2009
DBS announced today their intention to raise $4 billion of capital through a rights issue. Every two shares that a shareholder owns will entitle him to subscribe for a DBS share at a price of $5.42. This is almost a discount of 45% to the last traded price of $9.85 on 19th December 2008.
The shares trade ex-rights date will be 29th December 2008 from 9am.
With the rights issue, DBS tier 1 ratio will rise from 9.7% to 11.8%.
Temasek Holdings will be taking up its full entitlement of 27.6% of the rights issue with an agreement to subcribe up to 33.3% through a sub-underwriting agreement.
More information can be found in the press release and media presentation below:
DBS rights issue announcement
DBS rights issue press release
* Eyes Indonesia, where banks command hefty premiums
* Fund manager cautions DBS against buying at any price
SINGAPORE, Nov 6 (Reuters) - Eight years after burning its fingers on a pricy acquisition in Hong Kong, Singapore's DBS Group Holdings Ltd DBSM.SI, Southeast Asia's biggest bank, faces a dilemma -- stick to growing its existing business or beef up its Asia presence with a significant buy.
Memories of the Dao Heng purchase -- DBS paid $5.8 billion in 2001 and then had a big writedown in late 2005 -- still haunt DBS as critics say the acquisition failed to deliver value for money.
DBS has since been super cautious, shunning expensive bank deals in growth economies like China and steering clear of the recent bidding race for ING's Asian private bank that was snapped up by smaller rival Oversea-Chinese Banking Corp Ltd OCBC.SI.
With ex-Citibanker and Southeast Asian expert Piyush Gupta taking over the reins at DBS, investors are looking for a new strategy that enables the bank to expand more aggressively in the region, where it has trailed rivals.
“It has to be an opportunistic strategy based on what exposure they can get at the right price,” said Mike Kerley, a London-based fund manager at Henderson Global Investors, which owns DBS shares.
“As a shareholder I would be cautioning them of growth at any price, I don’t want them to overpay to increase exposure elsewhere in the region.”
Investor concern is highlighted by a poor performance at its Hong Kong unit, its biggest market outside Singapore. Net profit there fell by a third in 2008 and its contribution to group profit dropped to 19 percent from 29-30 percent.
DBS is still carrying Dao Heng at 3 times price-to-book "which is totally unjustifiable given the inferior profitability of the franchise," said Credit Suisse analyst Sanjay Jain. Most Hong Kong banks trade at 1.1 to 1.9 times book except for Hang Seng Bank 0011.HK, which trades at 4 times, Credit Suisse estimates.
For latest DBS quarterly earnings, click [ID:nSIN12742]
DBS’s strategy under Chairman Koh Boon Hwee, who has run the bank since January, is to build market share in loans, debts and equity markets, while increasing its presence in China, India and Indonesia through more branches.
This has succeeded in that DBS has won market share from foreign rivals, who were scaling back in Asia as the global crisis forced the likes of Citigroup C.N and Bank of America BAC.N to take huge credit losses.
But as global banks return to take advantage of opportunities in a region that has outperformed the developed world and has shown resilience during the crisis, analysts question whether organic growth will be a viable option.
HURDLES
Government regulation has prevented DBS from expanding in Malaysia and India, while in Indonesia it is beset by a hefty premium that bank assets command and hurdles faced by its biggest shareholder, state investor Temasek [TEM.UL].
Temasek, which owns 28 percent of DBS, has faced Indonesian regulatory pressure on its subsidiaries to divest or merge. Last year, Temasek sold a majority stake in Bank Internasional Indonesia BNII.JK to Malaysia's biggest bank Maybank MBBM.KL.
DBS says Indonesian regulatory policy does not affect the bank because it has a “single bank” presence in Southeast Asia’s biggest economy, but admitted that organic growth is slow.
DBS aims to double its branches in Indonesia in three years and will look out for an acquisition. [ID:SIN215053]
Analysts said building an existing business in Indonesia won’t be easy because of severe competition, and acquisition may be constrained by regulatory bottlenecks.
“Meaningful organic growth is unrealistic when the top five banks control 55 percent of deposits and are also not realistic M&A targets,” said Matthew Wilson, an analyst at Morgan Stanley.
He said the Indonesian central bank's "single presence" policy is a difficult inorganic hurdle with Temasek a substantial shareholder in both Danamon BDMN.JK and DBS. (Editing by Ian Geoghegan)
Our Standards: The Thomson Reuters Trust Principles.
dbs was ok until 2009
DBS announced today their intention to raise $4 billion of capital through a rights issue. Every two shares that a shareholder owns will entitle him to subscribe for a DBS share at a price of $5.42. This is almost a discount of 45% to the last traded price of $9.85 on 19th December 2008.
The shares trade ex-rights date will be 29th December 2008 from 9am.
With the rights issue, DBS tier 1 ratio will rise from 9.7% to 11.8%.
Temasek Holdings will be taking up its full entitlement of 27.6% of the rights issue with an agreement to subcribe up to 33.3% through a sub-underwriting agreement.
More information can be found in the press release and media presentation below:
DBS rights issue announcement
DBS rights issue press release
15-06-2023, 09:20 AM
2009 dbs issue rights at $5.42
DBS says S$4 bln rights issue was oversubscribed
By Reuters Staff
1 Min Read
SINGAPORE, Jan 21 (Reuters) - Singapore's DBS Group DBSM.SI, Southeast Asia's biggest bank, said on Wednesday a S$4 billion ($2.7 billion) rights issue to boost its capital had been oversubscribed.
“Acceptances and excess applications have been received for more than the total number of rights shares offered,” the bank said in a statement.
In December, DBS said it would offer shareholders one new share for every two existing shares at S$5.42 apiece, which was then a discount of about 45 percent. DBS shares were 57 percent above the rights issue price at the close of trading on Wednesday. (Reporting by Saeed Azhar, editing by Dan Lalor)
2020 sia issue rights of $3
DBS says S$4 bln rights issue was oversubscribed
By Reuters Staff
1 Min Read
SINGAPORE, Jan 21 (Reuters) - Singapore's DBS Group DBSM.SI, Southeast Asia's biggest bank, said on Wednesday a S$4 billion ($2.7 billion) rights issue to boost its capital had been oversubscribed.
“Acceptances and excess applications have been received for more than the total number of rights shares offered,” the bank said in a statement.
In December, DBS said it would offer shareholders one new share for every two existing shares at S$5.42 apiece, which was then a discount of about 45 percent. DBS shares were 57 percent above the rights issue price at the close of trading on Wednesday. (Reporting by Saeed Azhar, editing by Dan Lalor)
2020 sia issue rights of $3
15-06-2023, 09:25 AM
2001 dbs goes china by taking over dao heng bank
2020 dbs goes india by taking over lakshmi bank
https://thesmartinvestor.com.sg/dbs-indi...n-or-bane/
2020 dbs goes india by taking over lakshmi bank
https://thesmartinvestor.com.sg/dbs-indi...n-or-bane/
15-06-2023, 09:27 AM
funny taste like to chew something very "special"
15-06-2023, 09:32 AM
https://www.inventiva.co.in/trends/laxmi-vikas-merger/
Mr. Surojit Shome, DBS Bank India’s managing director and chief executive officer, mentioned in an interview that it would take another 1.5 years for the bank to overcome the impact of the merger on profitability.
Related Articles
Mr. Surojit Shome, DBS Bank India’s managing director and chief executive officer, mentioned in an interview that it would take another 1.5 years for the bank to overcome the impact of the merger on profitability.
Related Articles
15-06-2023, 09:42 AM
NEW YORK, June 13 (Reuters) - HSBC Holding plc (HSBA.L) is seeking to become a leading bank for venture capital firms and startups globally after building a large team of technology and healthcare bankers in the United States, Hong Kong and Israel, a senior executive said.1 day ago
https://www.reuters.com/business/finance...ive%20said.
https://www.reuters.com/business/finance...ive%20said.
15-06-2023, 09:48 AM
15-06-2023, 09:49 AM
15-06-2023, 10:03 AM
for those that brought blue chips during the 2022 to 2023 october selloff , can only be patience to wait for the US government to print money and flood the global system with money otherwsie they can only create conflict around where we are
15-06-2023, 10:09 AM
8.44%
Annual dividend yield
0.07 HKD
Quarterly dividend amount
3.14 HKD +0.030 (0.96%)
today
https://www.barrons.com/articles/us-doll...a-3837842c
http://aastocks.com/en/stocks/analysis/c...mbol=03988
Annual dividend yield
0.07 HKD
Quarterly dividend amount
3.14 HKD +0.030 (0.96%)
today
https://www.barrons.com/articles/us-doll...a-3837842c
http://aastocks.com/en/stocks/analysis/c...mbol=03988
15-06-2023, 10:13 AM
https://www.livewiremarkets.com/wires/ha...investable
then why they still bother to do this
https://www.channelnewsasia.com/world/an...ie-3560751
then why they still bother to do this
https://www.channelnewsasia.com/world/an...ie-3560751
15-06-2023, 10:45 AM
when US starts to print money
https://sgpropertypress.wordpress.com/20...ron-house/
https://sgpropertypress.wordpress.com/20...ron-house/
15-06-2023, 10:47 AM
15-06-2023, 10:50 AM
before the 2020 covid19 lockdown worldwide
https://www.uobgroup.com/uobgroup/newsro...up/2019/26
https://www.uobgroup.com/uobgroup/newsro...up/2019/26
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