Bank of East Asia gains on reports of asset sale

Business | 2 Jun 2020 10:32 am

Shares in Bank of East Asia (0023) have soared following a Financial TImes report that the small and medium business lender has  engaged Goldman Sachs in a strategic review of assets in March, and that the bank has had preliminary talks with financial and institutional investors on the sale of China and Hong Kong banking businesses.

The stock is up by 17.60 percent at HK$17.24.

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