Asset Acquisitions and Disposals::Increase in Shareholding in DBS Bank Ltd.

Issuer & Securities

Issuer/ Manager
DBS GROUP HOLDINGS LTD
Securities
DBS GROUP HOLDINGS LTD - SG1L01001701 - D05
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
24-Dec-2015 12:38:49
Status
New
Announcement Sub Title
Increase in Shareholding in DBS Bank Ltd.
Announcement Reference
SG151224OTHROE4P
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 ("DBSH") wishes to announce that it has today subscribed for 85,261,875 ordinary shares in the capital of DBS Bank Ltd. ("DBS Bank"), a wholly-owned subsidiary of DBSH, for an aggregate issue price of $1.4 billion, which has been satisfied wholly in cash. Following such subscription, DBSH now holds 2,574,643,341 DBS Bank ordinary shares.

DBSH used its internal resources to fund the subscription of the DBS Bank ordinary shares. The transaction is not expected to have any material impact on the consolidated net tangible assets, earnings per share or capital adequacy ratios of the DBSH Group for the financial year ending 31 December 2015.