Reuters, 21 Jan 2009, Michael Flaherty and Harry Suhartono
HONG KONG/JAKARTA, Jan 21 (Reuters) - PT Bank Danamon Tbk (BDMN.JK), Indonesia's fifth-largest lender, has hired two investment banks to conduct a rights offering, two sources said on Wednesday, as the company's stock takes a beating amid tough economic conditions for the country's banks.
Temasek, Singapore's government owned investment group, owns a 58 percent stake in Bank Danamon through its wholly owned subsidiary, Fullerton Financial Holdings.
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