DSFH definition
Examples of DSFH in a sentence
As DSFH is the substantial shareholder of the Company, members of the DSFH Group constitute connected persons of the Company under the Listing Rules.
DSIA is a direct wholly owned subsidiary of DSFH and is an insurance agent in Hong Kong.
DSB also accepts deposits from and makes limited advances to other subsidiaries of DSFH on a commercial basis.
DSFH is the company holding the insurance interests of the DSFH Group, and as at the date of this announcement, is the holding company of certain subsidiaries including DSI (1976), DSIA and MIC, which are engaged in general insurance or insurance-related businesses.
Most of the Bank’s properties are used in the Bank’s operations and those properties that are not used as bank premises are leased to third parties (including DSFH) to generate rental income or are vacant pending sale or lease.
On 31 December 2019, various agreements with respect to (i) insurance services; (ii) computer and administrative services; and (iii) distribution and agency agreements and other business referral services were entered into between members of the DSFH Group and the Group.
The shares of DSFH have been listed on the Hong Kong Stock Exchange since 1987.
As DSFH is the Company’s substantial shareholder, DSIA is a connected person of the Company pursuant to the Listing Rules.
On 30 December 2022, various agreements with respect to (i) insurance services; and (ii) distribution and agency agreements and other business referral services were entered into between members of the DSFH Group and the Group.
The distribution of different types of insurance products through the respective bank branches and other distribution networks of DSB and BCM in return for a commission income to be paid by the DSFH Group will also produce fee income which will be of benefit to the Group.