{
    "success": true,
    "data": {
        "id": 1392883,
        "msgid": "dbs-buys-stake-in-bsa-1447893297",
        "date": "1998-01-15 00:00:00",
        "title": "DBS buys stake in BSA",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "DBS buys stake in BSA SINGAPORE (Reuters): DBS Bank said yesterday that it had signed an agreement to buy a majority interest in the Bank of Southeast Asia, Inc, in the Philippines. A DBS bank statement said it had signed an acquisition agreement, a subscription agreement and other documents to acquire the Bank of Southeast Asia (BSA).",
        "content": "<p>DBS buys stake in BSA<\/p>\n<p>SINGAPORE (Reuters): DBS Bank said yesterday that it had<br>\nsigned an agreement to buy a majority interest in the Bank of<br>\nSoutheast Asia, Inc, in the Philippines.<\/p>\n<p>A DBS bank statement said it had signed an acquisition<br>\nagreement, a subscription agreement and other documents to<br>\nacquire the Bank of Southeast Asia (BSA).<\/p>\n<p>DBS will buy 4.28 million shares constituting 30 percent of<br>\nBSA's existing share capital and subscribe approximately 12<br>\nmillion new BSA share increasing its shareholding interest to<br>\nabout 60 percent of the enlarged Philippine bank.<\/p>\n<p>The ASB group of companies will remain the largest Philippine<br>\nshareholder with about 28 percent interest in BSA.<\/p>\n<p>DBS the total purchase including subscription of new shares is<br>\nestimated at 1.7 billion Philippine pesos.<\/p>\n<p>After the capital injection, BSA's shareholders' funds will<br>\nincrease to 2.8 billion pesos from 1.5 billion pesos.<\/p>\n<p>DBS said the name of BSA will be changed at an appropriate<br>\ntime to reflect majority shareholding by the DBS Bank.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/dbs-buys-stake-in-bsa-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}