Singapore’s Phillip Capital acquires Malaysian-owned Cambodian bank
The Singapore-based Phillip Capital Group has purchased a Malaysian-owned Hwang-DBS Commercial Bank in Cambodia for 40 million U.S. dollars and rebranded it as Phillip Bank on Thursday, a bank’s chief said. Phillip Bank’s chairman Lim Hua Min said the Phillip Capital Group, which is an Asian financial service provider, acquired the bank in March this year after Hwang-DBS (Malaysia) Bhd decided to exit its business in Cambodia. …
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=237941
