General Announcement::DBS TO INCREASE STAKE IN SHENZHEN RURAL COMMERCIAL BANK

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
29-Dec-2023 21:49:11
Status
New
Announcement Sub Title
DBS TO INCREASE STAKE IN SHENZHEN RURAL COMMERCIAL BANK
Announcement Reference
SG231229OTHRV8AM
Submitted By (Co./ Ind. Name)
Marc Tan
Designation
Group Secretary
Description (Please provide a detailed description of the event in the box below)
DBS Group Holdings Ltd wishes to announce that its wholly-owned subsidiary, DBS Bank Ltd., has obtained the requisite regulatory approvals to increase its existing stake in Shenzhen Rural Commercial Bank Corporation Limited from 13% to 16.69%.

Please see attached for more details.

Attachments

SRCB_SGX Announcement_29 Dec 2023.pdf
Total size =253K