The gold miner, a unit of Indonesian conglomerate Rajawali Group, made the decision after gauging demand for the Jakarta IPO last month ... ( read original story ...)
GLOBAL: Standard Chartered signs up to the Poseidon Principles
Bunkerspot provides news, in-depth analysis, expert comment and price indications for the global marine fuels industry ... ( read original story ...)
DBS, StanChart Weigh Bids As Citi Retreats From Asia Consumer Business: Report
The businesses Citi is exiting had $82 billion in assets and were allocated $7 billion in tangible common equity last year. ( read original story ...)
Singapore’s DBS to buy 13% stake in Chinese bank SZRCB for US$814 million
SINGAPORE: DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commercial Bank Corp (SZRCB) for 5.29 billion yuan ... ( read original story ...)
Singapore’s DBS to buy stake in bank in China’s tech hub
Singapore's biggest bank will buy a 13% stake in Shenzhen Rural Commercial Bank Corp for S$1.1 billion, joining global competitors pushing into China as the country opens its financial market. DUBAI ... ( read original story ...)
Singapore’s DBS Bank to acquire 13 pct stake in Shenzhen Rural Commercial Bank
Singapore-headquartered DBS Group Holdings Ltd (DBS Group) announced on Tuesday that its wholly-owned subsidiary, DBS Bank Ltd (DBS Bank), has entered into an agreement to subscribe for a 13 percent ... ( read original story ...)
Singapore’s DBS Bank buys 13% in Shenzhen Rural Commercial Bank for $814m
DBS, which will become the bank's largest shareholder, claims the investment will accelerate its expansion in the Greater Bay Area. ( read original story ...)
DBS buys 13 per cent stake in Shenzhen Rural Commercial Bank for US$814 million as it ‘doubles down’ on bay area
Investment in Shenzhen Rural Commercial Bank positions Singapore’s biggest bank to increase its presence in the Greater Bay Area. ( read original story ...)
Exclusive-DBS, StanChart weigh bids as Citi retreats From Asia Consumer Business
Banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for parts of Citigroup's consumer business in Asia, people with direct knowledge of the ... ( read original story ...)
UPDATE 1-Singapore’s DBS to buy 13% stake in Chinese bank SZRCB for $814 mln
DBS Group has agreed to buy a 13% stake in privately-owned Shenzhen Rural Commercial Bank Corp (SZRCB) for 5.29 billion yuan ($814.3 million), marking the Southeast Asian lender's biggest acquisition ... ( read original story ...)
Singapore’s DBS to buy 13% stake in privately-held Chinese lender for $814 million
Southeast Asia's largest bank DBS Group said on Tuesday it plans to buy a 13% stake in privately-held commercial lender Shenzhen Rural Commercial Bank Corp (SZRCB) for 5.29 billion yuan ($814.26 ... ( read original story ...)
Lucky Me! maker Monde Nissin’s IPO gets SEC clearance
Food maker Monde Nissin Corporation, the owner of Lucky Me! brands, has secured the thumbs-up of the Securities and Exchange Commission (SEC) to proceed with its plan to raise more than P60 billion in ... ( read original story ...)
SEC clears Monde Nissin’s P72.45-billion IPO
Monde Nissin aims to run the public offering from May 17 to 21 and list on the Philippine Stock Exchange on May 31 ... ( read original story ...)
DBS, OCBC among potential bidders for Citi’s Asia consumer business: Sources
Citigroup is exiting from its consumer franchises in 13 markets, 10 of which are in Asia.. Read more at straitstimes.com. ( read original story ...)
Singapore businessman Ng Yu Zhi linked to alleged $1 billion fraud faces more charges
He is said to have raised the money from investors, purportedly to finance nickel trading.. Read more at straitstimes.com. ( read original story ...)
DBS, other rivals may be taking a closer look at Citi’s India retail assets
A group of institutions including HSBC, Kotak and ICICI Bank have shown preliminary interest in Citi’s assets in India, according to people in the know. But, these are early stage enquiries. ( read original story ...)