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BOC Hong Kong Holdings Ltd (2388.HK)

2388.HK on Hong Kong Stock

32.05HKD
28 Mar 2017
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Latest Key Developments (Source: Significant Developments)

BOC Hong Kong announces completion of disposal of interests in Chiyu Bank
Friday, 24 Mar 2017 04:45am EDT 

BOC Hong Kong <2388.HK> : Joint Announcement - completion of the disposal of interests in Chiyu Bank . Upon completion of proposed disposal, Chiyu Bank will cease to be a subsidiary of each of Bank Of China, BOCHK (Holdings) and BOCHK .To facilitate smooth transition, transitional services deal entered into between BOCHK, Chiyu Bank and XIL on 22 Dec 2016 will take effect from completion date.  Full Article

Bank of China Hong Kong to dispose stake in Chiyu Bank for HK$7.69 bln
Thursday, 22 Dec 2016 07:59am EST 

Bank of China Hong Kong: Proposed disposal of interests in Chiyu Bank . Agreement for proposed disposal of total of 2.1 million ordinary shares of Chiyu Bank by BOCHK for a total consideration of HK$7.69 bln . Unit and indirect 66.06 pct owned unit of Bank Of China entered into sale and purchase agreement with unit of Xiamen International Investment (XIL) and Committee of Jimei Schools . Performance bond in amount of not more than HK$350 million will be provided to BOCHK pursuant to terms of sale and purchase agreement . To facilitate a smooth transition, BOCHK, Chiyu Bank and XIL entered into a transitional services agreement on 22 December 22, 2016 .Resultant proceeds from proposed disposal will facilitate development of BOCHK's business in ASEAN region.  Full Article

BOC Hong Kong posts HY net profit of HK$ 42.731 billion<2388.HK>
Tuesday, 30 Aug 2016 04:38am EDT 

BOC Hong Kong Holdings Ltd <2388.HK>: 2016 interim results announcement <2388.HK> . HY net profit HK$ 42.731 billion versus HK$13.39 billion a year ago . Says board declared an interim dividend of HK$0.545 per ordinary share . Hong kong- HY net operating income before impairment allowances HK$20.745 billion versus HK$20.73 billion a year ago .  Full Article

BOC Hong Kong enters into acquisition agreements with Bank of China<2388.HK><3988.HK><601988.SS>
Thursday, 30 Jun 2016 04:37am EDT 

BOC Hong Kong Holdings Ltd <2388.HK>: Bochk has entered into the acquisition agreements with Bank of China . Consideration for the proposed Thailand share acquisition is 14.90 bln baht million . Consideration for the proposed Malaysia share acquisition is 2.03 billion rgt . Agreements in relation to the acquisitions of BOC Thailand and of BOC Malaysia, respectively, as part of the restructuring exercise .  Full Article

Moody's - Deteriorating operating conditions weigh on Hong Kong's banking system
Wednesday, 29 Jun 2016 03:24am EDT 

Moody's: Deteriorating operating conditions weigh on Hong Kong's banking system . Outlook for the Hong Kong banking system over the next 12-18 months is negative. . Negative outlook for Hong Kong's banking system on expectation that large banks in territory to receive less support from government of Hong Kong .Territory is also set to see gradually rising borrowing costs.  Full Article

BOC Hong Kong Holdings clarifies on press articles regarding potential acquisitions of certain banking businesses by Co<2388.HK><3988.HK><601988.SS>
Monday, 6 Jun 2016 10:36am EDT 

BOC Hong Kong Holdings Ltd <2388.HK>: The company is reviewing the business strategies for the banking operations of the company in such asean countries" . No binding agreement with respect to any acquisition or corporate restructuring transaction has been entered into" . Notes there are recent press articles regarding potential acquisitions of certain banking businesses by the company . Says has commenced discussion with Bank of China in respect of the potential restructuring .  Full Article

BOC Hong Kong Holdings clarifies on media speculation regarding potential asset disposal<2388.HK>
Monday, 23 May 2016 06:38am EDT 

BOC Hong Kong Holdings Ltd <2388.HK>: Company notes recent media speculation with regard to a potential asset disposal by the company . Company is conducting a feasibility study to review its group's business and assets portfolio . No firm decision has been made to proceed with any such transaction" . No binding agreement with respect to any disposal or restructuring transaction has been entered into as at date of this announcement .  Full Article

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