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Article: BRIEFING - ASIA BANKING - MAY 13, 2003.
- Article from:
- AsiaPulse News
- Article date:
- May 13, 2003
CopyrightCOPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on banking for May 13, 2003, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
SINGAPORE'S DBS DIVESTS HOLDINGS IN ASSOCIATED COMPANY FUJITEC
SINGAPORE - Singapore's DBS Group Holdings Ltd (DBS) (SGX:DBSM) has completed a two-step transaction to divest its entire 26.3 per cent stake in Fujitec Singapore Corporation Ltd (Fujitec) for a total cash consideration of S$35.1 million (US$20.27 million).
Fujitec specialises in designing, manufacturing, installation and maintenance of elevators and escalators.
INDONESIAN ...