Dao Heng Bank

Dao Heng Bank
Logo of former Dao Heng Bank

Dao Heng Bank Group Limited (former stock code: HKEX: 223) (Chinese: 道亨銀行集團有限公司) was a bank in Hong Kong and it had two subsidiaries before acquisition, Dao Heng Bank Limited and Overseas Trust Bank Limited.

Dao Heng Bank was established in Hong Kong in 1921.[1] It was acquired by Guoco Group (a member of the Hong Leong Group) in 1982 and was listed on the Hong Kong Stock Exchange in 1983. In 1989, it acquired Hang Lung Bank from the Hong Kong Government. In 1993, it acquired Overseas Trust Bank from the Hong Kong Government.[2] In 1999, it joined to be Hang Seng Index Constituent Stocks (blue chip).[3] In 2001, Singaporean DBS Bank acquired Dao Heng Bank from Guoco Group, then privatized and delisted it.[4] In 2003, DBS Bank merged Dao Heng Bank, DBS Kwong On Bank and Overseas Trust Bank to form DBS Bank (Hong Kong) Limited.[5]

See others

References

  1. ^ Dao Heng Bank Group
  2. ^ Milestones of Guoco Group
  3. ^ History of Hang Seng Index Constituent Stocks
  4. ^ DBS Group in Deal to Acquire Controlling Stake in Dao Heng Bank
  5. ^ DBS operations in Hong Kong legally merged to become DBS Bank (Hong Kong) Limited

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