A unit of e-commerce company JD.com Inc. and partners have picked financial advisers including Bank of America Corp., DBS Group Holdings Ltd. and UBS Group AG for an initial public offering of their Singapore-based real estate investment trust, according to people with knowledge of the matter.
The central business district of Singapore. Photographer: Lionel Ng/Bloomberg
DBS Group Holdings Ltd. reported fourth-quarter profit that missed expectations as lower lending margins and higher tax expenses eclipsed gains from its wealth business.
Signage atop the DBS Group Holdings Ltd. headquarters building in Singapore, on Monday, Feb. 10, 2025. DBS shares jumped after the lender reported earnings that met expectations and unveiled a investor payout plan.
Alphabet Inc.’s Google, Singapore Airlines Ltd. and DBS Group Holdings Ltd. are among companies that will test the city-state’s plan for central procurement of sustainable aviation fuel, as officials aim to curb emissions from air travel.
Singapore Airlines aircraft at Changi Airport in Singapore. Photographer: Ore Huiying/Bloomberg
DBS Group Holdings Ltd. is weighing a foray into the market for significant risk transfers as lenders increasingly turn to such deals as a way to drive growth and absorb shocks.
SeaTown Holdings International, a unit of Singapore’s Temasek Holdings Pte., has raised around $180 million from DBS Group Holdings Ltd.’s private bank clients for its third private credit fund, according to people familiar with the matter.
Singapore’s biggest bank has withdrawn an application to start talks to buy as much as 49% of Alliance Bank Malaysia Bhd., replacing it with one to acquire up to 30% instead, people with knowledge of the matter said.
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