DBS Reports Solid Q1 Numbers

DBS Picks Up 13% Stake In Shenzhen Bank for $800 Million

Singapore’s largest lender DBS bought a 13% stake in Shenzhen Rural Commercial Bank (SZRCB) for S$1.08bn ($800mn), marking its biggest acquisition in China yet. The acquisition is part of its acceleration plans in China’s Greater Bay Area and comes after Beijing...
Show Buttons
Hide Buttons