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Bank of East Asia Ltd (0023.HK)

0023.HK on Hong Kong Stock

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29 Mar 2017
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Fri, Mar 17 2017

BRIEF-Bank Of East Asia acquires 21 pct of issued share capital of Prasac Microfinance Institution Ltd

* Acquired 21% of issued share capital of Prasac Microfinance Institution Limited

BRIEF-Bank Of East Asia appoints Chan Kin-Por as independent non-executive director

* Chan Kin-Por has been appointed as an independent non-executive director Source text for Eikon: Further company coverage:

BRIEF-Bank of East Asia updates on legal proceedings

* Has been served with a statement of claim filed by China Medical Technologies, Inc

BRIEF-Bank Of East Asia appoints Henry Tang Ying-Yen as independent non-executive director

* Henry tang ying-yen has been appointed as an independent non-executive director Source text for Eikon: Further company coverage:

BRIEF-Bank Of East Asia says William Doo Wai-Hoi resigned as independent Non-Executive Director

* William Doo Wai-Hoi has tendered his resignation as an independent Non- Executive Director

UPDATE 1-Hong Kong's Bank of East Asia reports 2016 profit at 7-year low

* Chairman says asset quality to stabilise in 2017 (Adds China loan details, management comment)

BRIEF-Bank of East Asia FY profit for the year from cont ops HK$3.53 bln

* FY net interest income HK$11.1 billion versus hk$11.93 billion

Hong Kong's Bank of East Asia reports 2016 profit at 7-year low

HONG KONG, Feb 17 Bank of East Asia Ltd (BEA) on Friday reported a 33 percent fall in annual profit to its lowest in seven years, meeting analyst estimates, due to slowing loan demand in its main markets of Hong Kong and China as well as a rise in bad loans.

BRIEF-Ascendas Hospitality Trust says trustee-manager entered into agreement with Bank of East Asia

* Trustee-manager entered into agreement with bank of east asia for grant of S$60 million loan facility & s$30 million revolving credit facility Source text for Eikon: Further company coverage:

Permira to buy Bank of East Asia's Tricor unit for $838 million

HONG KONG Hong Kong-based Bank of East Asia said it has agreed to sell its share registry arm Tricor Holdings to private equity firm Permira for HK$6.5 billion ($837.91 million) in a deal that will bolster the lender's capital reserve.

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