By Kao Shih-ching / Staff reporterDBS Bank Taiwan （星展台灣） is planning to purchase Citibank Taiwan Ltd’s （花旗台灣） consumer banking business for its net assets plus a premium of NT$19.8 billion （US$711.51 million） in cash, the local unit of Singapore-based DBS Group Holdings Ltd said yesterday.
DBS Bank Taiwan (星展台灣) is planning to purchase Citibank Taiwan Ltd’s (花旗台灣) consumer banking business for its net assets plus a premium of NT$19.8 billion (US$711.51 million) in cash, the local unit of Singapore-based DBS Group Holdings Ltd said yesterday.
It would acquire the consumer banking business via a transfer of assets and liabilities, DBS Taiwan general manger Lim Him-chuan (林鑫川) told a news conference in Taipei.
With a capital injection of S$2.2 billion (US$1.6 billion) from the parent company, DBS Bank Taiwan would pay Citibank NT$19.8 billion as a premium and acquire Citibank Taiwan’s net assets, for which the price has
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