On Jan 17, Bloomberg reported that DBS will pay about NT$60 billion ($2.64 billion) for the assets. DBS, on Jan 28, said that it will pay a premium of $956 million in cash, plus the value of its assets for the acquisition.
In a separate filing, DBS announced that it has commenced voluntary liquidation proceedings for its indirect wholly-owned subsidiaries, DBS Vickers Securities (Hong Kong), Vickers Ballas Consultancy Services and Vickers Ballas Investment Management.
Shares in DBS closed 23 cents lower or 0.67% down at $34.04 on Dec 23.
