Dao Heng Bank

Dao Heng Bank Group Limited
Native name	道亨銀行集團有限公司
Company type	Public
Traded as	SEHK: 223 (delisted on 4 September 2001)
Industry	Banking
Founded	Hong Kong (September 21, 1990); (Dao Heng Bank Limited was established in 1921)
Fate	Acquired and privatised by DBS Group Holdings Ltd in 2001
Headquarters	Hong Kong
Area served	Hong Kong
Key people	Quek Leng Chan (Executive Chairman); Kwek Leng Hai (Managing Director); Randolph Gordon Sullivan (Director);
Services	Financial services
Net income	HK$1,730,084,000 (2000); HK$1,203,301,000 (1999); HK$1,255,314,000 (1998); HK$2,119,708,000 (1997); HK$1,505,811,000 (1996); HK$1,203,113,000 (1995); HK$1,133,977,000 (1994); HK$400,857,000 (1993); HK$320,451,000 (1992); HK$232,014,000 (1991);
Total assets	HK$141,986,429,000 (2000); HK$131,876,313,000 (1999); HK$122,934,242,000 (1998); HK$125,485,256,000 (1997); HK$103,480,286,000 (1996); HK$82,213,503,000 (1995); HK$66,889,359,000 (1994); HK$31,854,378,000 (1993); HK$25,419,953,000 (1992); HK$19,641,593,000 (1991);
Total equity	HK$12,542,569,000 (2000); HK$11,656,833,000 (1999); HK$11,073,988,000 (1998); HK$10,600,880,000 (1997); HK$9,234,417,000 (1996); HK$7,223,192,000 (1995); HK$6,016,680,000 (1994); HK$1,949,970,000 (1993); HK$1,808,814,000 (1992); HK$1,648,018,000 (1991);
Number of employees	~3,300 (2000); ~3,100 (1999);
Parent	Guoco Group Limited
Subsidiaries	Dao Heng Bank Limited (renamed DBS Bank (Hong Kong) Limited on 21 July 2003); Overseas Trust Bank Limited (merged into DBS Bank (Hong Kong) Limited on 21 July 2003);
Website	www.daoheng.com

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

Dao Heng Bank Limited 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. Instrumental in this merger, which Euromoney Magazine called "The Deal of the Year", was Managing Director Mr. Werner M. M. Makowski. A deal which led to Dao Heng Bank Group's listing on the Hong Kong Stock Exchange to be 277 times over-subscribed.^[2] On 6 December 1999, it joined to be Hang Seng Index Constituent Stocks (blue chip), making it one of the 4 leading banks that were HSI constituents.^[3] In 2001, Singaporean DBS Bank acquired Dao Heng Bank from Guoco Group, then privatized and delisted it.^[4] On 21 July 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

^ "Fact Sheet Dao Heng Bank Group". www.dbs.com.sg. Archived from the original on 22 February 2002. Retrieved 12 June 2020.
^ "Milestones of Guoco Group". www.guoco.com. Archived from the original on 2009-03-08. Retrieved 2008-11-07.
^ "History of Hang Seng Index Constituent Stocks". Archived from the original on 2006-04-15. Retrieved 2008-11-07.
^ "DBS Group in Deal to Acquire Controlling Stake in Dao Heng Bank". en.people.cn.
^ "DBS' operations in Hong Kong legally merged to become DBS Bank (Hong Kong) Limited". hk.dbs.com. Archived from the original on 20 September 2008. Retrieved 7 November 2008.

[1] "Fact Sheet Dao Heng Bank Group". www.dbs.com.sg. Archived from the original on 22 February 2002. Retrieved 12 June 2020.

[2] "Milestones of Guoco Group". www.guoco.com. Archived from the original on 2009-03-08. Retrieved 2008-11-07.

[3] "History of Hang Seng Index Constituent Stocks". Archived from the original on 2006-04-15. Retrieved 2008-11-07.

[4] "DBS Group in Deal to Acquire Controlling Stake in Dao Heng Bank". en.people.cn.

[5] "DBS' operations in Hong Kong legally merged to become DBS Bank (Hong Kong) Limited". hk.dbs.com. Archived from the original on 20 September 2008. Retrieved 7 November 2008.

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