DBS Group Lifts Stake In Shenzhen Rural Commercial Bank To 19.90%

SGX Filings

Feb 09

DBS Group Holdings Ltd announced that its wholly owned subsidiary DBS Bank Ltd has acquired an additional 52.2 million shares of Shenzhen Rural Commercial Bank on Nov, 19 2025, increasing its ownership to 19.90% from 19.40%.

The shares were purchased at CNY 5.94 each, or 1.05 times SRCB’s book value per share as of Jun, 30 2025, for a total of CNY 310 million (57 million Singapore dollars) in cash.

DBS continues to classify SRCB as an associate, citing significant influence through its representation on the bank’s board.

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