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BRIEF-Dbs Group Holdings to sell 100% interest in Dbs China Square for about S$358 million

Published 2017-02-10, 04:23 a/m
© Reuters.  BRIEF-Dbs Group Holdings to sell 100% interest in Dbs China Square for about S$358 million
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Feb 10 (Reuters) - Dbs Group Holdings Ltd DBSM.SI

* Sale Of 100% Interest In Dbs China Square (NYSE:SQ) Limited

* Unit Dbs Bank agreed to sell its entire equity interest in Dbs China Square to an indirect unit of Manulife Financial Corporation for about s$358 million

* Upon completion, sale is expected to contribute approximately s$350 million to consolidated net tangible assets and earnings of co

* Sale is expected to be completed by end of march 2017 Source text for Eikon: ID:nSNZ5gTmgw Further company coverage: DBSM.SI

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