DBS Bank (Hong Kong)
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Dao Heng Bank Group Limited (former stock code: SEHK: 223) (Chinese: 道亨銀行集團有限公司) was a bank holding company in Hong Kong and it had two major subsidiaries before being acquired, Dao Heng Bank Limited and Overseas Trust Bank Limited.
From Dao Heng Bank to DBS HK. 1 August 2022. “I was in my fourth year at (then) Dao Heng bank of Hong Kong when the news came. We were about to be acquired by DBS Bank, a Singaporean company, in the biggest banking takeover of 2001.
In line with our pan-Asian strategy, we acquired 100% interest in Dao Heng bank and its subsidiary Overseas Trust bank, making us the fourth largest banking group in Hong Kong.
DBS Bank (Hong Kong) Limited (Chinese: 星展銀行（香港）有限公司) is a licensed bank incorporated in Hong Kong and is a subsidiary of DBS Bank headquartered in Singapore. As of 2022, it is the eighth-largest bank in Hong Kong by total assets.
As CEO, Philippe was key to the acquisition and consolidation of Dao Heng Bank, thereby better positioning the bank to expand into North East Asia and developing a platform for business opportunities in China.
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Apr 30, 2001 · Shares in DBS Group Holdings have clawed back some of the big losses that hit the counter on news that it planned to pay HK$41.92 billion for Dao Heng Bank.
