DBS Bank puts up Heedum

The new subsidiary has an issued capital of S$1.

DBS Group Holdings Ltd. announced that its wholly-owned subsidiary DBS Bank Ltd. has established Heedum Pte. Ltd.

Heedum has an issued and paid-up capital of S$1 comprising 1 ordinary share and its principal activity is investment holding.

The announcement said the establishment of Heedum is not expected to have any material impact on the net tangible assets or earnings per share of DBSH for the financial year ending 31 December 2012.

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