Key Developments: Bank of East Asia Ltd (0023.HK)
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HK$31.15
HK$31.10
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HK$30.20
3,285,572
2,558,728
HK$32.70
HK$24.95
Latest Key Developments (Source: Significant Developments)
Bank of East Asia Ltd Declares Second Interim Dividend
Bank of East Asia Ltd announced that the Board of the Bank has declared a second interim dividend (in lieu of final dividend) for the year ended December 31, 2012 (2012 Second Interim Dividend) of HKD0.63 per share (2011 second interim dividend (in lieu of final dividend): HKD0.51 per share), which, together with the 2012 interim dividend of HKD0.43 per share paid in September 2012, will constitute a total dividend of HKD1.06 per share (2011: HKD0.94 per share) for the full year. The 2012 Second Interim Dividend will be paid on or about April 9, 2013 in cash with an option to receive new, fully paid shares in lieu of cash, to shareholders whose names appear on the Register of Members of the Bank at the close of business on March 18, 2013 (Scrip Dividend Scheme). Details of the Scrip Dividend Scheme and the election form will be sent to shareholders on or about March 18, 2013. Full Article
The Bank of East Asia, Ltd. Declares Interim Dividend
The Bank of East Asia, Ltd. announced that the Directors declared an interim dividend of HKD0.43 (2011: HKD0.43) per share for the six months ended June 30, 2012. The interim dividend will be paid in cash with an option to receive new, fully paid shares in lieu of cash, to shareholders whose names appear on the Register of Members at the close of business on August 23, 2012. Details of the scrip dividend and the election form will be sent to shareholders on or about August 23, 2012. The scrip dividend scheme is conditional upon the Listing Committee of The Stock Exchange of Hong Kong Limited granting the listing of and permission to deal in the new shares to be issued under the scrip dividend scheme. The dividend warrants and the share certificates for the scrip dividend will be sent to shareholders by ordinary mail on or about September 14, 2012. Full Article
The Bank of East Asia, Ltd. Announces Payment Of Second Interim Dividend (in Lieu Of Final Dividend) For 2011
The Bank of East Asia, Ltd. announced that the Board of the Bank has resolved to change the current practice of paying an interim dividend and a final dividend by paying two interim dividends (i.e. first interim dividend and second interim dividend in lieu of final dividend) with effect from the financial year ended December 31, 2011. Instead of recommending a final dividend, the Board has declared a second interim dividend (in lieu of final dividend) for the year ended December 31, 2011 (2011 Second Interim Dividend) of HKD0.51 per share (2010 final dividend: HKD0.56 per share), which, together with the interim dividend of HKD0.43 per share paid in September 2011, will constitute a total dividend of HKD0.94 per share (2010: HKD0.94 per share) for the full year. The 2011 Second Interim Dividend will be paid on March 27, 2012, in cash with an option to receive new, fully paid shares in lieu of cash, to shareholders whose names appear on the Register of Members of the Bank at the close of business on March 6, 2012 (Scrip Dividend Scheme). Full Article
The Bank of East Asia, Ltd. Announces Disposal Of Further 10% Interest In Industrial and Commercial Bank of China (Canada)
The Bank of East Asia, Ltd. (the Bank) announced that reference is made to the announcements dated June 4, 2009, and January 28, 2010 (Previous Announcements) issued by the Bank regarding, inter alia, the sale of 70% of the issued share capital of Industrial and Commercial Bank of China (Canada) (ICBC Canada) (formerly known as The Bank of East Asia (Canada)) (Disposal) to the Industrial and Commercial Bank of China Limited (ICBC) and completion thereof, respectively. The Disposal was completed on January 28, 2010. The Bank has received a notice from ICBC dated 31st March, 2011 to exercise its option of acquiring the Additional Shares from the Bank at a total consideration of CAD15,713,091.20 (equivalent to approximately HK$124 million), being the option price determined in accordance with the relevant shareholders agreement entered into between the Bank and ICBC in respect of ICBC Canada. Following the disposal of the Additional Shares to ICBC, the Bank’s interest in ICBC Canada is reduced from 30% to 20%. The 20% interest in ICBC Canada will remain as a long-term investment of the Bank which looks forward to participating in the growth of the company as ICBC further develops its Canadian business. Full Article
The Bank of East Asia, Ltd. Declares Interim Dividend
The Bank of East Asia, Ltd. announced that its Directors have declare an interim dividend of HKD0.43 (2010: HKD0.38) per share for the six months ended June 30, 2011. The interim dividend will be paid in cash with an option to receive new, fully paid shares in lieu of cash, to shareholders whose names appear on the Register of Members at the close of business on August 25, 2011. Details of the scrip dividend and the election form will be sent to shareholders on or about August 25, 2011. The scrip dividend scheme is conditional upon the Listing Committee of The Stock Exchange of Hong Kong Limited granting the listing of and permission to deal in the new shares to be issued under the scrip dividend scheme. The dividend warrants and the share certificates for the scrip dividend will be sent to shareholders by ordinary mail on or about September 19, 2011. Full Article
Bank of East Asia says 2012 net profit up 39 pct at HK$6.1 bln
Feb 26 - For a full statement on the results of Bank of East Asia Ltd, which is a local commercial bank, please click on: http://www.hkexnews.hk/listedco/listconews/sehk/2013/0226/LTN20130226137.pdf (Reporting by Raymond Leung in HONG KONG; Editing by Lee Chyen Yee)
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