Singapore's DBS to keep TMB shares as investment
SINGAPORE, Feb 15 (Reuters) - DBS Group Holdings (DBSM.SI: Quote, Profile, Research, Stock Buzz), 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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