Stocks News
- BOC unit announces stake in BEA
Date: 21-Nov-2007 Sources: (Shenzhen Daily)
BANK of China (BOC) Hong Kong said it had bought 4.94 percent of rival Bank of East Asia (BEA) for 3.95 billion Hong Kong dollars (US$506.4 million).
The deal, aimed at diversifying Bank of China Hong Kong Group's investment portfolio, would be financed entirely by the group's internal resources, it said in a statement filed with the Hong Kong stock exchange late Monday.
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