MUFG sells shares in Hong Kong’s Dah Sing Bank

MUFG’s predecessor Sanwa Bank had bought 13% of DSFH shares in 2000.

Mitsubishi UFJ Financial Group has sold its 9.9% shares in Dah Sing Financial Holdings (DSFH).

MUFG Bank became a strategic shareholder of DSFH in 2000 when one of MUFG’s predecessors, The Sanwa Bank, acquired approximately 13% shares in DSFH.

In a press statement, DSFH chairman David S.Y Wong thanked MUFG for their working alliance with the Japanese bank.

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“We are also thankful to a number of MUFG executives who have served on the Board of DSFH since 2000 and provided their wise counsel and insightful views for the benefit of our group,” Wong said, adding that they look forward to maintaining an excellent business relationship with MUFG in the years to come.