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DBS Bank Cuts Stake in Hoe Leong to 4.99% With Share Sale

Singapore Business Review ·  Aug 4 23:10

It sold 29.477 million shares.

DBS Bank has reduced its stake in Hoe Leong Corporation, selling off 29.447 million shares.

The bank sold its shares for $0.002 per unit.

DBS Bank now only holds 752.7 million shares or a 4.99% stake in the company.

Before the acquisition, DBS Bank held 782.1 million units or a 5.18% stake in Hoe Leong.

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