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  1. Dah Sing surges on takeover speculation

    Posted Sep 11th 2009, 12:00am by Staff Reporter

    ... Maria Chan Shares in Dah Sing Bank surged 11.22 per cent yesterday as investors speculated that the lender would be another takeover target, along with Wing Hang Bank. Dah Sing jumped ... it was common for the stocks of small and medium-sized family-run lenders to rise whenever there were rumours about bank acquisitions. 'The lower share price of Dah Sing made it more ...

  2. Placement pulls Dah Sing Banking down 12pc

    Posted Apr 23rd 2009, 12:00am by Staff Reporter

    ... Maria Chan Shares of Dah Sing Banking Group dropped as much as 12.88 per cent yesterday after the bank announced a share placement to raise HK$302.4 million. The stock closed at HK$5.81, down 11.97 per cent, while parent Dah Sing Financial Holdings fell 0.48 per cent to HK$20.90. Dah Sing Banking financial director Gary Wang said the bank was under no pressure to raise capital ...

  3. Dah Sing to price offer at lower end

    Posted Jun 15th 2004, 12:00am by Louis Beckerling

    ... Louis Beckerling Aiming to raise $2.3b, the group hopes its newly spun-off banking arm will now be more attractive to investors The Dah Sing Banking Group share float is set to be priced ... million new shares, and an 81.91 million sell-down of existing shares by Dah Sing Financial Holdings. It would also make a stake in the group's newly spun-off banking arm more attractive than ...

  4. Dah Sing unveils plan to spin off banking operations

    Posted Mar 19th 2004, 12:00am by Christine Chan, Enoch Yiu

    ... Kelvin Wong, Christine Chan and Enoch Yiu Dah Sing Financial Holdings surprised the market yesterday with plans to spin off its core banking business. About 15 per cent of the new firm, Dah Sing Banking Group, would be sold through an initial public offering, managing director Derek Wong Hong-hing said. 'The restructuring would set up separate platforms for our two major ...

  5. Dah Sing Bank plans push into mainland

    Posted Jul 04th 2003, 12:00am by Raymond Ma

    ... Dah Sing Bank intends to take advantage of the closer economic partnership arrangement (Cepa) to follow its customers into the mainland from Hong Kong's crowded banking sector. Managing director Derek Wong Hong-hing said yesterday the trade agreement, which lowers the entry barrier for Hong Kong banks entering the mainland market, would allow Dah Sing to plan a clear ...

  6. Dah Sing pays $936m cash for consumer finance firm

    Posted Jun 28th 2005, 12:00am by Staff Reporter

    ... Anette Jonsson Bank's winning auction bid equal to 13.7 times Pacific Finance's earnings of $68 million last year Dah Sing Banking Group has agreed to pay $936 million in cash for consumer finance company Pacific Finance, according to a source familiar with the deal. The acquisition, which comes a year after Dah Sing Bank was spun off from its parent firm and listed in its ...

  7. Dah Sing completes US$300m bond sale

    Posted Nov 20th 2004, 12:00am by Staff Reporter

    ... Anette Jonsson Dah Sing Bank has completed the sale of a US$300 million dual-tranche bond, pricing it within earlier indicated ranges, according to a statement issued by sole book-runner ... spread of 27-30 basis points above Libor. The senior bonds are the first issued from Dah Sing Bank's US$1 billion euro medium-term note programme, which was set up in June 2002. Both ...

  8. Takeover report prompts rally in Wing Hang Bank shares

    Posted May 29th 2008, 12:00am by Staff Reporter

    ... controlling shareholders were in the process of selling their holdings. David Wong Shou-yeh, the chairman of Dah Sing Financial Holdings and Dah Sing Bank, said some foreign and mainland institutions ... However, he said there were no negotiations at the moment. The institutions interested in Dah Sing included banks and insurance companies, Mr Wong said. Some preferred simply to make equity ...

  9. China Life approach pumps up Wing Hang shares

    Posted Feb 26th 2009, 12:00am by Staff Reporter

    ... stake in Wing Hang,' the report said. The brokerage also said other merger and acquisition targets could include Dah Sing Banking Group and Chong Hing Bank. Dah Sing closed unchanged at HK$4.79 yesterday, while its parent Dah Sing Financial Holdings rose 2.75 per cent to HK$18.66. Ivan Li, an analyst at Kim Eng Securities, expected the rally in small banks' shares ...

  10. Investors offered 80pc payout for Lehman products

    Posted Dec 24th 2009, 12:00am by Dennis Eng, Paggie Leung

    ... 80 HK cents for every dollar of their investment. The deal, which applies to 529 customers who bought a total of HK$264 million of Lehman equity-linked notes from Dah Sing Bank and Mevas ... the agreement, the banks do not admit any liability. The settlement offer was reluctantly accepted by many investors. Alison Hui Cho-wai, a housewife who was sold HK$500,000 of the notes by Dah Sing ...




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