News: Bank of East Asia Ltd (0023.HK)

0023.HK on Hong Kong Stock

30.00HKD
2:59am EST
Change (% chg)

HK$-0.25 (-0.83%)
Prev Close
HK$30.25
Open
HK$30.05
Day's High
HK$30.45
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HK$29.80
Volume
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Avg. Vol
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52-wk High
HK$34.45
52-wk Low
HK$29.10

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Thu, Feb 12 2015

Bank of East Asia defends capital raising move after U.S. hedge fund query

HONG KONG, Feb 12 - Bank of East Asia Ltd executives defended on Thursday a planned capital raising which is under pressure from hedge fund Elliott Management Corp, in a case that pits one of Hong Kong's last family-owned banks against an activist fund.

Standard Chartered in deal to sell Hong Kong, Shenzhen consumer finance units

HONG KONG/SINGAPORE - Standard Chartered is selling its Hong Kong and Shenzhen consumer finance businesses to a consortium that includes a Chinese state firm, in the biggest asset disposal by the emerging markets-focused lender as part of a restructuring.

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