By CARINE LEE
DBS Group Holdings Ltd on Tuesday announced that it has subscribed for 116.18 million shares in the capital of DBS Bank Ltd for $1.35 billion.
Funded by internal resources, DBS Group satisfied the purchase wholly in cash.
Following the subscription, DBS Group now holds 2.17 billion ordinary shares in its wholly-owned subsidiary, DBS Bank.
Instagram: Weddings see rise of content creators
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