GXS Bank gets $229.5 million capital injection from backers Singtel and Grab

The move is part of a scheduled share issuance and allotment announced in January 2024.

The capital injection from Singtel and Grab is part of a scheduled share issuance and allotment announced in January 2024.

Grab has taken up the majority of the 229.5 million shares at $1 apiece in the digital bank. It was allotted 191.8 million shares, while Singtel was allotted 37.7 million shares.

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The Straits Times /  🏆 8. in SG

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