General Announcement::Establishment of a consumer finance company in China
Issuer & Securities
Issuer/ Manager
DBS GROUP HOLDINGS LTD
Securities
DBS GROUP HOLDINGS LTD - SG1L01001701 - D05
Stapled Security
No
Announcement Details
Announcement Title
General Announcement
Date &Time of Broadcast
20-Nov-2015 17:25:34
Status
New
Announcement Sub Title
Establishment of a consumer finance company in China
Announcement Reference
SG151120OTHR2J4R
Submitted By (Co./ Ind. Name)
GOH PENG FONG
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
DBS Group Holdings Ltd refers to its earlier announcement made on 15 January 2015 on the agreement between its wholly-owned subsidiary, DBS Bank Ltd, and Postal Savings Bank of China and 5 other Chinese corporates to establish a consumer finance company in China.
DBSH wishes to announce that the said consumer finance company has been incorporated in Guangzhou on 19 November 2015, and DBS Bank Ltd holds 12% of the said company's registered capital. Please refer to the attached announcement for more details.
Attachments
PSBC_announcement_Establishment .pdf
Total size =51K
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