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Elliott Management cuts Hong Kong Bank stake as activist battle ends

Bank of East Asia, a Hong Kong-based lender, said 28 January it intends to pay up to the equivalent of about $373m to purchase all the shares held by US activist hedge fund Elliott Management in an off-market transaction.

Elliott has been retreating from Hong Kong, and had no representatives licensed by Hong Kong’s Securities and Futures Commission since the end of last year. The firm declined to comment on the transaction and its presence in the Asian financial hub.


富瑞看好港銀「重返榮耀」 籲買中銀恒生東亞




持有泰禾人壽、泰禾投資集團旗下的永興達企業(香港)有限公司,去年十月遭債權人海通國際的海外公司申請清盤。 去年曾傳出中國平安有意出價六十億港元競投泰禾人壽,保監局對泰禾人壽賣盤不成感到失望,遂要求泰禾人壽停接新單三個月。