DBS holds uneventful shareholders' meeting

Singapore

IT was an uneventful shareholders meeting for DBS on Thursday morning even as the attendance swelled to some 1,000 - more than double the number who attended last year.

Chief executive Piyush Gupta could not resist making a "timing not bad" quip when a shareholder mentioned his February purchase of 200,000 DBS shares worth almost S$2.8 million. Equity markets swooned in February with DBS shares down 20 per cent from the beginning of the year amid plunging oil prices and gloomy reports on China's slowdown.