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

0023.HK on Hong Kong Stock

31.45HKD
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Fri, Sep 5 2014

Japan's SMBC agrees to raise stake in Bank of East Asia

TOKYO, Sept 5 - Japan's Sumitomo Mitsui Banking Corp said on Friday it has agreed to raise its stake in Hong Kong's Bank of East Asia Ltd to 17.5 percent from the current 9.6 percent in a deal worth $950 million.

UPDATE 2-Hong Kong banks' exposure to China in focus as BEA kicks off earnings season

* BEA H1 net profit hits record HK$3.58 bln vs HK$3.38 bln yr ago

Hong Kong's BEA kicks off earnings with 6 pct rise in H1 profit

HONG KONG, Aug 1 - The first of Hong Kong's banks kicked off earnings on Friday with Bank of East Asia Ltd posting a slight rise in quarterly profit as investors focused on the sector's strengthening ties with China and the risks that could pose.

Pepper, Bank of East Asia team up for Standard Chartered's Hong Kong unit: sources

SINGAPORE/HONG KONG - Finance firm Pepper Australia has roped in Bank of East Asia Ltd to help run a Hong Kong consumer finance business that it is seeking to acquire from Standard Chartered Plc , sources with direct knowledge of the matter said.

RPT-UPDATE 1-Pepper, Bank of East Asia team up for StanChart's Hong Kong unit-sources

(Repeats story published late Wednesday; no change to text)

UPDATE 1-Pepper, Bank of East Asia team up for StanChart's Hong Kong unit-sources

* Backing of commercial bank provides Pepper with cheap financing

Pepper, Bank of East Asia team up for StanChart's Hong Kong unit-sources

SINGAPORE/HONG KONG, July 16 - Finance firm Pepper Australia has roped in Bank of East Asia Ltd to bid for Standard Chartered Plc's Hong Kong consumer finance unit, putting them in a stronger position to win the auction, people with direct knowledge of the matter said.

Update-Moody's assigns (P)A2 ratings to Bank of East Asia Singapore branch's proposed MTN program

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