Dah Sing Financial sees Sanwa Bank in no intention to increase stake

The Sanwa Bank Ltd., the second-largest single shareholder of Dah Sing Financial Holdings (0440), has no plan to increase its stake in the Hong Kong bank, said Dah Sing's Chairman David Wong. Dah Sing Financial had earlier said that Sanwa Bank would raise its stake in the company to 15 percent from 13.12 percent. Dah Sing Financial holds 100 percent of MEVAS Bank, and a stake in Dah Sing Bank as well as Jian Sing Bank.

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