I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

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Wednesday, 31 July 2013

DBS fails to buy Bank Danamon



By
Siow Li Sen
         

DBS31

DBS said its attempt to buy Bank Danamon Indonesia has failed.

In a statement on Wednesday, the bank said the conditional share-purchase agreement between DBS Group Holdings and Temasek Holding's wholly owned unit Fullerton Financial Holdings Pte Ltd to acquire its 67 per cent stake in PT Bank Danamon Indonesia Tbk has a long-stop date of Aug 1.

DBS said: "The agreement will lapse after Aug 1, 2013."

DBS' chief executive Piyush Gupta expressed "deepest appreciation to the regulators in Indonesia and Singapore for giving the transaction due consideration".

Posted by Createwealth8888 at 19:10
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