DBS takes over 98.25% stake in Dao Heng Bank

DBS announced the procedure of taking over Dao Heng Bank (0223). By the end of last Friday, according to acquisition proposal, DBS has taken over 699lmln shares in Dao Heng Bank, which represents approximately 98.25% of enlarged share capital of Dao Heng Bank. In order to make shareholders who intend to accept acquisition proposal to have more time to accept application, the time

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