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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Singapore’s DBS to raise $2.8 bln by rights offer

Posted on 23 December 2008

From People.com.cn: Singapore’s DBS Group Holdings Ltd (DBS), the country’s largest bank measured by assets, said on Monday that it plans to raise 4 billion Singapore dollars (about 2.8 billion U.S. dollars) by offering a rights issue.

According to the statement, DBS’ largest shareholder, Temasek Holdings Limited, has agreed to subscribe for up to one-third of the rights issue through a sub-underwriting arrangement. ….. Full Article: Source


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