DBS ups stake in China's Shenzhen Rural Commercial Bank to over 19%

DBS ups stake in China's Shenzhen Rural Commercial Bank to over 19%

Photo: DBS

Singapore’s DBS Group said on Monday it acquired an additional stake in Shenzhen Rural Commercial Bank (SRCB) for 1.60 billion yuan ($220.4 million), bringing its total ownership in the Chinese lender to 19.4%.

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