Karen Ngui

DBS Extends Deadline for Takeover of Temasek’s Bank Danamon

DBS Group Holdings Ltd., Southeast Asia’s biggest bank, agreed to extend a deadline for buying a controlling stake in PT Bank Danamon Indonesia from Temasek Holdings Pte amid regulatory wrangling.

DBS Gets Nod to Buy 40% of Danamon for $2.75 Billion

DBS Group Holdings Ltd. got approval from Indonesia’s central bank to acquire a $2.75 billion stake in PT Bank Danamon Indonesia, giving Southeast Asia’s largest lender less control than it had sought.

DBS Extends Deadline for Danamon Stake Acquisition From Temasek

DBS Group Holdings Ltd., which bid to acquire PT Bank Danamon Indonesia last year, extended a deadline to complete the deal with Temasek Holdings Pte by two months as the sale awaits approval from Indonesian regulators.

Indonesia Central Bank Says No Decision on DBS Bid for Danamon

Bank Indonesia hasn’t decided on the proposed acquisition of PT Bank Danamon Indonesia by DBS Group Holdings Ltd., the central bank said today, denying a report the deal had been approved.

DBS-Danamon Deal Seen Imperiled by Ownership Rules: Real M&A

Southeast Asia’s largest banking takeover is turning into the emerging-market deal that traders bet is the most likely to unravel, as Indonesia considers restricting foreign ownership of its lenders.

Hwang-DBS Said to Ask Goldman Sachs for Advice on Sale

Hwang-DBS (Malaysia) Bhd., the investment bank backed by Southeast Asia’s largest lender, is considering a sale after the death of its founder last year, one person with knowledge of the matter said.

Danamon Deal Priced to Fail Over Singapore Bank Clash: Real M&A

PT Bank Danamon Indonesia is trading at the biggest discount to any pending takeover offer in Asia, signaling arbitragers aren’t convinced that Singapore and Jakarta will resolve differences over bank access anytime soon.

DBS Bid for Danamon Near Approval, Presidential Adviser Says

DBS Group Holdings Ltd.’s bid for PT Bank Danamon Indonesia is set to be approved as soon as this month as Singaporean and Indonesian regulators near an agreement over bank access, according to Chairul Tanjung, an economic adviser to Indonesia’s president.

U.S. Swaps Rules Won’t Work Overseas, CFTC Is Warned

A U.S. plan to extend the reach of its derivatives rules across international borders “won’t work” without alteration, a top European regulator said in Washington today.

Olam Says Banks Didn’t Raise Credit Concerns on Bond Sale

Olam International Ltd., the commodity trader that Muddy Waters LLC alleges is in danger of default, said banks hired to help sell $1.25 billion in bonds and warrants didn’t raise concerns about its credit position in discussions with shareholder Temasek Holdings Pte.

"We do not intend to register as a swap dealer in the U.S. because we expect our trading volumes with U.S.-based counterparties to stay below the threshold which triggers the CFTC registration requirement."

- Karen Ngui on Nov 06, 2012

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