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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

DBS chairman defends $6.2 billion of new shares to Temasek

Posted on 26 April 2012

DBS Group Holdings chairman Peter Seah on Wednesday defended the bank’s contentious decision to issue $6.2 billion worth of new shares to Temasek Holdings.

The shares are being used to buy a 67 per cent stake in Indonesia’s Bank Danamon from Temasek - raising concerns among some DBS shareholders that the value of their own shares will be diluted………………………………………..Full Article: Source


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