As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Click to email CW8888 or Email ID :

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday, 11 April 2012


Proposed capital injection is an affirmation of bank’s commitment to China;

DBS China’s registered capital to rise by close to 60%

CHINA, SINGAPORE, 11 April 2012 - DBS Bank announced today that to facilitate the expansion of its fast-growing China franchise, it plans to inject RMB 2.3 billion into DBS China, thereby increasing its registered capital by close to 60%. The capital injection is subject to the requisite regulatory approvals and will be the first time that the bank will be infusing additional capital into its wholly owned China subsidiary since RMB 4 billion was injected during local incorporation five years ago.
DBS China also plans to continue investing to expand its rapidly growing franchise in the country. The investments will be in network expansion, headcount growth, infrastructure upgrades, consumer and corporate internet banking platform enhancements and other technology developments.

DBS China CEO Melvin Teo said, “As one of the first foreign banks and the first Singapore bank to be locally incorporated in China five years ago, DBS has come a long way and established a firm foothold in the areas of corporate banking, trade finance, cash management, treasury and markets, as well as wealth management. Notwithstanding the challenging economic climate, last year was a good year for the bank overall and for DBS China in particular. Our 2011 net profit doubled from a year ago, crossing the RMB 500 million mark for the first time."

No comments:

Post a comment

Related Posts with Thumbnails