Guoco, Dao Heng soar as DBS feels 9.8pc hit

Shares of Dao Heng Bank and parent company Guoco Group soared on news of the lender's sale to Singapore's DBS Group in a transaction that could be worth up to S$10 billion (about HK$43.18 billion).

Dao Heng Bank rose 51.6 per cent to HK$57, while Guoco increased 40.36 per cent to HK$38.60.

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