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  • November 28, 2014
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Results 1 - 10 of 514 for dao heng bank

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  1. Hong Kong's rich prop up DBS results

    Posted Feb 21st 2004, 12:00am by Staff Reporter

    ... The group has made aggressive moves into Hong Kong in recent years, having bought Kwong On Bank in 2001 and Dao Heng Bank a year later. Hong Kong's contribution to DBS's bottom line surged ... of results last year, as the bank's local operations posted net profit growth of 34 per cent to HK$2 billion on the back of a surging wealth-management business. Poor results elsewhere led ...

  2. Mortgage wars hit DBS loan volume

    Posted Apr 29th 2006, 12:00am by Andy Chen

    ... incorporates the former Dao Heng Bank in its operations, had 6.4 per cent of the local home loan market last month, down from 6.6 per cent in February. Industry players expect the mortgage price war ... The group posted a net profit of S$518 million ($2.53 billion) for the first quarter, up 39 per cent from a year ago, while DBS Bank (Hong Kong) recorded a 29 per cent increase in net profit ...

  3. DBS suffers $5.3b goodwill charge on HK operation

    Posted Feb 18th 2006, 12:00am by Andy Chen

    ... financial reporting standards. The charge on DBS Bank (Hong Kong), which incorporates the former Dao Heng Bank in its operations, was S$1.13 billion ($5.37 billion), which dragged the group's ... that it had paid too much in the $42.6 billion Dao Heng takeover in 2001, which represented 3.18 times book value. While analysts believed that deal was too expensive, Mr Tai said the group had ...

  4. Li against allowing H shares in HSI

    Posted Apr 13th 2006, 12:00am by Staff Reporter

    ... Li believes the stock is undervalued, citing the case of Dao Heng Bank- now DBS (HK)- which had fewer branches and overseas operations than Bank of East Asia, and was sold for more than three ... Maria Chan BEA chairman says the blue-chip index may be dominated by mainland firms David Li Kwok-po, the chairman and chief executive of Bank of East Asia, has questioned the decision ...

  5. Business - Banking & Finance - COMMENT

    Acquisitions no easy way for Singaporean banks to win in Hong Kong, mainland China

    Posted Apr 07th 2014, 04:38am by George Chen

    ... is not the first Singaporean bank to acquire a lender in the city. Its bigger rival, DBS, bought Dao Heng Bank in 2001, a milestone deal that later proved a misstep for Southeast Asia's largest bank. DBS bought Dao Heng for about HK$45 billion, or 3.3 times book value. At the time, many analysts had questioned if it had paid too much, to which senior DBS executives responded with a line ...

  6. History of runs

    Posted Sep 25th 2008, 12:00am by Staff Reporter

    ... David Trench imposes a maximum withdrawal of HK$100 a day and sterling notes are shipped from Britain. Runs hit other Chinese-owned banks- Far East Bank, Wing Lung Bank, Ka Wah Bank, Dao Heng ... 5. Three days later, the Hongkong Bank acquires 51 per cent of Hang Seng. In May, the Canton Trust collapses. 1983 A run on Hang Lung Bank prompts the government to take it over. The Dao Heng ...

  7. Guoco sells insurance unit to sister company for $152m

    Posted Jan 13th 2005, 12:00am by Staff Reporter

    ... in Dao Heng Bank, its flagship business, to Singapore's DBS Group Holdings for $46.3 billion in 2001. For the past few years, investors have been left playing a guessing game over what Guoco ... fundamental validity- if the group were serious about its prospects in Hong Kong, why would it make a bid for a marginal player after disposing of well-run Dao Heng Bank? The two small lenders have ...

  8. Guoco's sales point to a shift in profile

    Posted Jan 14th 2005, 12:00am by Staff Reporter

    ... conglomerate, focused on Singapore and Malaysia. There has been much speculation about Guoco's plan for Hong Kong since the group sold its flagship Dao Heng Bank in 2001. A securities trading ... Dao Heng Insurance to sister company Allstate Health Benefits, also controlled by Mr Quek. According to a Guoco statement, Camerlin is controlled by Hong Leong Industries in which Mr Quek ...

  9. DBS to quit 10pc Wing Lung stake for $1.23b

    Posted Apr 07th 2004, 12:00am by Enoch Yiu

    ... resources and attention on its Hong Kong franchise after the completion of the merger of its Hong Kong banking licences: Dao Heng Bank, Overseas Trust Bank and DBS Kwong On Bank. DBS bought the Wing ... Kelvin Wong and Enoch Yiu DBS Bank is set to reap a profit of $857.6 million after agreeing to sell its entire 10 per cent stake in Wing Lung Bank back to the Wu family, the controlling ...

  10. Guoco sale heralds MPF trend

    Posted Feb 10th 2004, 12:00am by Enoch Yiu

    ... Chan, is cash rich after DBS Bank paid the group $42.9 billion to acquire a controlling stake in Dao Heng Bank in April 2001. On completing the sale of its remaining 20 per cent stake in Dao ... Enoch Yiu Purchase of Dao Heng Asset by Principal is seen as the first act in a progressive industry consolidation Guoco Group has sold wholly owned Dao Heng Asset Management to Principal ...




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