DBS says did not subscribe to TMB rights shares
SINGAPORE, Dec 24 (Reuters) - DBS Group (DBSM.SI: Quote, Profile, Research, Stock Buzz), Southeast Asia's largest bank, said on Monday it did not subscribe to rights shares offered by Thailand's TMB Bank TMB.BK as part of the latter's recapitalisation exercise.
The Singapore lender's stake in the Thai bank is expected to fall to 6.8 percent from the current 16.1 percent after the capital raising. (Reporting by Kevin Lim; Editing by Valerie Lee) (kevin.lim@reuters.com; +65 6403 5663; Reuters Messaging: kevin.lim.reuters.com@reuters.net)
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