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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek’s stake in DBS rises

Posted on 02 March 2012

Temasek Holdings’ equity stake in DBS Group Holdings Ltd. (D05.SG, DBSDY), southeast Asia’s largest bank by assets, has risen by 1.78 percentage points after a unit of the state investor converted preference shares.
Maju Holdings Pte. Ltd., a wholly owned unit of Temasek, converted 181,915 convertible preference shares and 69,845,734 redeemable convertible preference shares of DBS Group into ordinary shares on Feb. 28, which caused the change, DBS Group said in a statement to Singapore Exchange late Thursday. …………………………………………Full Article: Source


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