Singaporean multinational banking and financial services corporation DBS Bank has revealed that it has signed an agreement with private equity firm Tower Capital Asia to sell 77.8% of its stake in ...

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SINGAPORE – DBS Bank has agreed to sell a 77.8 per cent stake in electronic payment services provider AXS to Tower Capital Asia, a private equity firm based in Singapore.

DBS Bank has entered into an agreement to sell a 77.8% stake in electronic service delivery network AXS to Tower Capital Asia. No consideration amount was revealed in DBS’s announcement on July 11.

Local unit DBS Bank (Hong Kong) paid HK$646 million (US$83.1 million), or HK$27,028 per square foot, ... DBS will boost its ownership to 11 floors in the tower after this deal.

DBS has agreed to sell a 77.8 per cent stake in electronic payment services provider AXS to Tower Capital Asia, a private equity firm based in Singapore.. On Tuesday (Jul 11), the bank said it will ...