Q2.      How did DBS Bank integrate with Dao Heng Bank? How long did it take?

     In April 2001, DBS Bank got the HKMA approval.

     Integration of DBS' Hong Kong operations was virtually complete at the time DBS Group executed the purchase of the second and final tranche of Dao Heng Bank shares earlier 2003. However, under Hong Kong regulatory and legislative requirements, consolidation to a single banking license requires the passing of a Merger Ordinance by the Hong Kong Legislature. The necessary legislative approvals were granted recently, paving the way for a full legal merger, effective on 21^st July 2003. 

     Moreover, some plants were closed down under the integration committee.  

   The process, excluding the negotiation one, took about 2 years and 3 months.