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