Reuters, 21 Jan 2009, Saeed Azhar
SINGAPORE, Jan 21 (Reuters) - Singapore's DBS Group (DBSM.SI), Southeast Asia's biggest bank, said on Wednesday its S$4 billion ($2.7 billion) rights issue to boost its capital had been oversubscribed.
The rights issue came as banks across Asia look to shore up their balance sheets in readiness for a tougher business environment amid the global economic downturn.
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