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Singapore's DBS to keep TMB shares as investment

Thu Feb 14, 2008 11:49pm EST

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SINGAPORE, Feb 15 (Reuters) - DBS Group Holdings (DBSM.SI), Southeast Asia's biggest bank, said on Friday it will keep its shares in Thailand's TMB Bank TMB.BK as an investment after its holding was reduced due to a capital increase at the loss-making lender.

"We will keep our shares in TMB Bank as an investment," DBS Chief Financial Officer Jeanette Wong told a results briefing. DBS' stake in TMB fell to 6.8 percent from 16.1 percent after the capital hike. (Reporting by Saeed Azhar & Jan Dahinten)



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