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  • July 23, 2014
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  1. Business - Banking & Finance

    Hong Kong family-owned bank Dah Sing open-minded about a possible merger

    Posted Aug 14th 2013, 12:45pm by KANIS LI

    ... Kanis Li kanis.li@scmp.com Speculation about a possible takeover of the family-owned lender has increased since rival Chong Hing Bank said it had received overtures Dah Sing stays flexible over merger or sale Dah Sing Banking said yesterday it was open-minded about the possibility of a merger or sale but that it was not in such discussions at present. The third-largest of Hong ...

  2. Business - THE INSIDER

    Chairman adds to holdings in Dah Sing amid active trading

    Posted Mar 25th 2013, 12:00am by Robert Halili

    ... Robert Halili Internet play Tencent buys back shares after earnings increase 24.8 per cent for last year Chairman adds to holdings in Dah Sing amid active trading Buying rose for a fourth ... by chairman David Wong Shou-yeh in Dah Sing Financial and Dah Sing Banking. Wong bought 50,000 shares of Dah Sing Financial on March 20 at HK$40.99 each, boosting his holdings to 40.74 per cent ...

  3. Business - Banking & Finance

    Six Hong Kong banks offer spruced up credit card to cash in on summer spending

    Posted Jul 08th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Dah Sing aims to sell wealth-management products to holders to boost card revenue Banks dressup credit cards for the summer Summer means sun, sales in shops ... of China (Hong Kong), Wing Lung Bank, Citibank and Dah Sing Bank- have unveiled new credit cards. Industry watchers warn that issuing new cards is costly and that it is not worthwhile increasing ...

  4. Business - Banking & Finance - LISTINGS

    Bank of Shanghai, China Everbright plan to go public in Hong Kong

    Posted Feb 21st 2013, 12:00am by Ray Chan

    ... and chief executive of Dah Sing Bank, said it was premature to discuss whether a Bank of Chongqing listing would dilute Dah Sing's interest in the lender. Bank of Chongqing is classified as an associate company of Dah Sing, which holds a 20 per cent stake. ...

  5. Business - Banking & Finance

    Wing Hang shares soar on takeover approach

    Posted Sep 18th 2013, 12:00am by KANIS LI

    ... speculation that smaller rival Dah Sing Bank might be next. It is the city's second family-run bank to have reported similar overtures in two months. Chong Hing Bank said on Monday ... million shares were traded, against an average of two million per day last week. Chong Hing, the smallest listed family-run bank, closed at HK$32.75, up 3.3 per cent. Dah Sing, the second-smallest ...

  6. Business - Banking & Finance

    Chong Hing sale talk puts others in the frame

    Posted Aug 12th 2013, 12:00am by Jeanny Yu, KANIS LI

    ... for the bank, founded in the late 1940s. The other three family-controlled and publicly traded banks are Bank of East Asia, the biggest, run by David Li Kwok-po, followed by Wing Hang Bank and Dah Sing ... and acquisition] issue and will separately consider each proposal beneficial to shareholders". A spokeswoman at BEA declined to comment on a "hypothetical" sale. Dah Sing was not available ...

  7. Business - Banking & Finance - PROPERTY

    Bank of China raises fixed rates for Hong Kong mortgages

    Posted Jul 09th 2013, 12:00am by Paggie Leung

    ... rate for the first three years, the interest rate remains unchanged at 2.4 per cent. The rise comes after Standard Chartered Bank and Dah Sing Bank scrapped their fixed-rate mortgage offerings. Dah Sing Bank said it stopped offering such mortgages because there was little take-up. Fixed-rate mortgages are relatively unpopular with homebuyers compared with prime-rate-linked ...

  8. Comment - Insight & Opinion - LEADER

    Hong Kong's family owned banks being snapped up

    Posted Nov 01st 2013, 12:06am by SCMP Editorial

    ... Meanwhile, state-owned behemoth Agricultural Bank of China and Singapore's Oversea-Chinese Banking Corp have reportedly expressed interest in acquiring Wing Hang Bank. Smaller rival Dah Sing ...

  9. Business - Banking & Finance - GOVERNANCE

    Hong Kong's family-owned banks struggle with succession as top executives age

    Posted Jul 27th 2013, 12:00am by KANIS LI

    ... in April 2009. Patrick Fung Yuk-bun, chairman and chief executive of Wing Hang Bank, turned 65 last year. Another family-owned lender, Dah Sing Bank, completed its succession process two years ago. Harold Wong Tsu-hing, now in his early 40s, was appointed chief executive, succeeding Derek Wong Hon-hing, in his early 60s. Harold Wong is a son of David Wong Shou-yeh, the owner of the Dah Sing ...

  10. Business - Banking & Finance - LISTINGS

    Bank of Chongqing begins shortened IPO roadshow in Hong Kong

    Posted Oct 23rd 2013, 03:54am by Ray Chan

    ... revenue, grew by 28 per cent last year, according to its latest annual report. Bank of Chongqing, 20 per cent owned by Dah Sing Bank, has trimmed the original size of its offering. The share sale ...




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