DBS Group Holdings Ltd. (D05.SG DBSDY), southeast Asia's biggest bank by assets, Wednesday said it will invest CNY2.3 billion (U.S.$354 million) into its China unit to expand.
The proposed capital injection is subject to regulatory approvals and will be the first time that the bank will be infusing additional capital into its wholly owned China subsidiary since RMB4 billion was injected during local incorporation five years ago, DBS Said in a statement to Singapore Exchange, where it is listed. Full story
