MARCH 30, 2026 AT 12:47 AM

PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: DBS Group (DBS SP) entered India’s equity capital markets

TAIWAN

SinoPac (2890 TT) - Bank Sinopac board approved a merger with King’s Town Bank, according to a filing from its parent financial holding company. (Taipei Times)

Formosa Petrochemical (6505 TT) - Co. is set to raise fuel prices. (Taipei Times)

SINGAPORE

DBS Group (DBS SP) - Co. has entered India’s equity capital markets, securing its first mandate for Manipal Health Enterprises’ IPO as it expands its investment banking platform in the country. (Business Times)

Manulife US REIT (MUST SP) - Co. is proposing the sale of its Figueroa office property in Los Angeles for USD 92.5mln to repay debt, with net proceeds of around USD 82.4mln. (Business Times)

Sembcorp Industries (SCI SP) - Co. said chairman Tow Heng Tan will retire on June 1 and will be succeeded by Andreas Sohmen-Pao, while Yap Chee Keong will retire as director and audit committee chairman on April 29, with Steven Phan to assume those roles. (Business Times)

Context

DBS Group's entry into India's equity capital markets is a strategic move that signals its expansion ambitions beyond Singapore, particularly with the mandate for Manipal Health Enterprises' IPO. This could enhance their investment banking presence in a rapidly growing market, potentially increasing competition and attracting investor interest in the region.

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