Business Times
Tuesday, January 20, 2009
HWANG-DBS (Malaysia) Bhd recently received approval from the Central Bank of Cambodia to set up a wholly owned commercial bank with the name Hwang DBS Commercial Bank plc.
The bank, with a paid up capital of US$20 million (RM72 million), will start operations by July 31 2009.
Hwang-DBS wants to participate in the Cambodian growth, it told Bursa Malaysia.
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