Brief: Bank Of East Asia Entered Into Blue Cross Share Sale Agreement With AIA Holdings Hk

The Bank of East Asia

04/03/2022 09:54

March 4 (Reuters) - Bank of East Asia Ltd  0023.HK :
    * ENTERED INTO BLUE CROSS SHARE SALE AGREEMENT WITH AIA
HOLDINGS
HK AND AIA
    * DEAL UNDER BLUE CROSS SHARE SALE AGREEMENT, BLUE CARE
SHARE SALE
AGREEMENT AND BLUE CROSS DISTRIBUTION AGREEMENT IS US$278
MILLION
    * EXPECTED TO BOOK AN AGGREGATE PROFIT OF HK$1,534 MILLION
UPON
COMPLETION OF BLUE CROSS DISPOSAL AND BLUE CARE DISPOSAL
    * DEALS FOR THE SALE OF BLUE CROSS (ASIA-PACIFIC) INSURANCE
AND
BLUE CARE (BVI) HOLDINGS  TO AIA HOLDINGS HK

Further company coverage:  0023.HK 

 ((Reuters.Briefs@thomsonreuters.com;))