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Bank of East Asia Ltd

0023.HK

Latest Trade

14.26HKD

Change

0.00(0.00%)

Volume

136,200

Today's Range

14.18

 - 

14.56

52 Week Range

13.80

 - 

19.98

As of on the Hong Kong Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Bank Of East Asia Says Decided To Initiate A Sale Process For BEA Life Ltd

Sept 23 (Reuters) - Bank of East Asia Ltd <0023.HK>::DECIDED TO INITIATE A SALE PROCESS FOR BEA LIFE LIMITED.COMPLETED ITS COMPREHENSIVE STRATEGIC REVIEW OF ITS PORTFOLIO OF BUSINESSES AND ASSETS.ANNOUNCEMENT SUPPORTED BY ELLIOTT MANAGEMENT CORP.CO'S PRIORITIES INCLUDE RAISING FEE-BASED INCOME THROUGH RENEWED FOCUS ON WEALTH MANAGEMENT.SEEKS LONG-TERM EXCLUSIVE DISTRIBUTION AGREEMENT FOR ONGOING SOURCE OF REVENUE FOR BANK AS DISTRIBUTOR OF INSURANCE PRODUCTS.PRIORITIES INCLUDE LOWERING COST-TO-INCOME RATIO BY STREAMLINING OPERATIONS.

Bank Of East Asia Notes SFC Enforcement Action Over Breaches Of Securities & Futures Rules

Sept 17 (Reuters) - Bank of East Asia Ltd <0023.HK>::NOTES SECURITIES AND FUTURES COMMISSION ENFORCEMENT ACTION TAKEN AGAINST CO OVER BREACHES OF SECURITIES AND FUTURES RULES.BREACHES CONCERN HANDLING OF SECURITIES IN 2 EXTERNAL CUSTODIAN ACCOUNTS WHICH ENDED IN 2016 & DID NOT RESULT IN ANY CLIENT LOSS.DOES NOT CONSIDER MATTER TO HAVE MATERIAL ADVERSE IMPACT ON BUSINESS AND/OR OPERATIONS OF BANK.

Hong Kong SFC Reprimands And Fines Bank Of East Asia HK$4.2 Mln For Regulatory Breaches

Sept 17 (Reuters) - HONG KONG SFC :SAYS IT REPRIMANDS AND FINES BANK OF EAST ASIA LTD <<<0023.HK>>> HK$4.2 MILLION ($541,935.48) FOR REGULATORY BREACHES.

Bank Of East Asia Posts H1 Net Interest Income Of HK$6,114 Mln

Aug 20 (Reuters) - Bank of East Asia Ltd <0023.HK>::H1 NET INTEREST INCOME HK$6,114 MILLION VERSUS HK$7,423 MILLION.OUTLOOK FOR MAINLAND ECONOMY AT MID-YEAR CONSIDERABLY WORSE THAN THAT AT START OF YEAR; IMPACT OF COVID-19 STILL BEING EVALUATED.HY PROFIT ATTRIBUTABLE HK$1,532 MILLION VERSUS HK$1,000 MILLION.LOOKING AHEAD, BANK’S OVERSEAS OPERATIONS WILL FACE VARIOUS CHALLENGES AMIDST ONGOING IMPACT OF CORONAVIRUS PANDEMIC.INTERIM DIVIDEND DECLARED HK$0.16 PER SHARE.CONTINUES TO SEE GOOD PROSPECTS FOR LONG-TERM BUSINESS GROWTH IN GREATER CHINA, AND PARTICULARLY IN GBA.

Bank Of East Asia Says Dawn Tao Appointed Group CFO

June 23 (Reuters) - Bank of East Asia Ltd <0023.HK>::DAWN TAO HAS BEEN APPOINTED AS GROUP CHIEF FINANCIAL OFFICER.WILLIAM CHENG CHUK-MAN RETIRED AS CFO.DAWN TAO TO SUCCEED WILLIAM CHENG CHUK-MAN WHO WILL RETIRE FROM BANK WITH EFFECT FROM 1ST SEPTEMBER.

Bank Of East Asia Clarifies Had No External Talks On Hong Kong & Mainland China Banking Businesses Sale

June 2 (Reuters) - Bank of East Asia Ltd <0023.HK>::CLARIFY THAT IT HAS HAD NO EXTERNAL DISCUSSIONS REGARDING DISPOSAL OF EITHER HONG KONG OR MAINLAND CHINA BANKING BUSINESSES.NO DECISIONS MADE ON ANY STRATEGIC ALTERNATIVES FOR BANK'S BUSINESSES & ASSETS UNDER COMPREHENSIVE STRATEGIC REVIEW.SHAREHOLDERS AND POTENTIAL INVESTORS IN BANK SHOULD NOTE THAT OUTCOME OF REVIEW MAY OR MAY NOT RESULT IN ANY TRANSACTION.

Elliott Closes On Victory In Bank Of East Asia Control Battle - FT

June 1 (Reuters) - :ELLIOTT CLOSES ON VICTORY IN BANK OF EAST ASIA CONTROL BATTLE - FT.BANK OF EAST ASIA STRATEGIC REVIEW HAS LED TO EARLY DISCUSSIONS ABOUT SALE OF ITS HONG KONG AND CHINA BANKING BUSINESSES- FT, CITING SOURCES.

Bank Of East Asia Says Application For Listing Of U.S.$600 Million Dated Subordinated Notes Due 2030

May 29 (Reuters) - Bank of East Asia Ltd <0023.HK>::BANK OF EAST ASIA- APPLICATION MADE TO STOCK EXCHANGE OF HONG KONG FOR LISTING OF U.S.$600 MILLION DATED SUBORDINATED NOTES DUE 2030.

Bank Of East Asia Says Needs Extra Time For Strategic Review Of Businesses And Assets

May 27 (Reuters) - Bank of East Asia Ltd <0023.HK>::UPDATES ON STRATEGIC REVIEW OF BANK'S PORTFOLIO OF BUSINESSES AND ASSETS.ADDITIONAL TIME REQUIRED TO CONTINUE EVALUATION OF BUSINESSES AND ASSETS AND EXPLORE POTENTIAL STRATEGIC TRANSACTIONS.TO ANNOUNCE UPDATE ON STATUS OF REVIEW BY SEPT 30.TIMING OF FURTHER MARKET UPDATE SUPPORTED BY ELLIOTT MANAGEMENT CORP.ADDITIONAL TIME REQUIRED DUE TO IMPEDIMENTS CAUSED BY COVID-19.

Bank Of East Asia Announces Strategic Review Of Its Portfolio Of Businesses And Assets

March 4 (Reuters) - Bank of East Asia Ltd <0023.HK>::ANNOUNCES STRATEGIC REVIEW OF ITS PORTFOLIO OF BUSINESSES AND ASSETS.REVIEW TO FOCUS ON IDENTIFICATION OF POTENTIAL STRATEGIC TRANSACTIONS WHICH WOULD ENHANCE VALUE OF EXISTING BUSINESSES AND ASSETS.REVIEW TO ALSO FOCUS ON STRATEGIC ALTERNATIVES FOR POTENTIALLY NON-CORE ASSETS.REVIEW BACKED BY ELLIOTT; ELLIOTT TO APPLY FOR STAY OF PROCEEDINGS IT COMMENCED AGAINST BANK AND CERTAIN EX & SERVING DIRECTORS.WILL ANNOUNCE AN UPDATE ON STATUS OF REVIEW BY JUNE 30, 2020.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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