Government's Shareholdings in DBS Group Holdings05 Sep 2003
On 5 September 2003, the government's direct stake of 2.1% and MND Holding's stake of 13.9% in DBS Group Holdings (DBSH) have been transferred to Maju Holdings, a wholly owned subsidiary of Temasek. The DBSH shares were transferred at a weighted average market price based on the last 30 trading days.
2. The objective of this exercise is to streamline the government's various stakes in DBSH for better stewardship. All of the approximately 28.8% government stake in DBSH will now be held under the Temasek group. There is no change in the government's effective stake in DBSH.
MINISTRY OF FINANCE