Sold To and Merged With DBS Bank
In 2001, Singaporean DBS Bank acquired and privatized Dao Heng Bank, together with OTB, from Guoco Group. In 2003, DBS Bank merged DBS Kwong On Bank, Dao Heng Bank and Overseas Trust Bank to form DBS Bank (Hong Kong) Limited.
Read more about this topic: Overseas Trust Bank
Famous quotes containing the words sold, merged and/or bank:
“As for the virtuous poor, one can pity them, of course, but one cannot possibly admire them. They have made private terms with the enemy, and sold their birthright for very bad pottage. They must also be extraordinarily stupid.”
—Oscar Wilde (1854–1900)
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—Oscar Wilde (1854–1900)
“It was like passing a boundary to dive
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And limbed and lighted out from bank to bank.
That’s how the stars shine during the day.”
—Wallace Stevens (1879–1955)