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

The Bank of East Asia

04/03/2020 24:39

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

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS9wxTf3
Further company coverage:  0023.HK 

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