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BOC Hong Kong Holdings Ltd (2388.HK)

2388.HK on Hong Kong Stock

38.80HKD
18 Dec 2017
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HK$40.50
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HK$27.10

Latest Key Developments (Source: Significant Developments)

BOC Hong Kong enters agreement with Bank of China
Monday, 6 Nov 2017 

Nov 6 (Reuters) - BOC Hong Kong Holdings Ltd <2388.HK>::‍Entered agreement with Bank of China regarding transfer of Vietnam and Philippines business ​.Consideration for proposed transfer of Philippines business is 4.4026 billion​ pesos.‍Consideration for proposed transfer of Vietnam business is USD152 million​.  Full Article

Bank of China updates on ‍potential restructuring in ASEAN region​
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Bank of China Ltd <3988.HK>-:Potential restructuring in asean region​.As transferor entered agreement regarding transfer of banking businesses operated by bank in Vietnam.As transferor, enters agreement for banking businesses operated by bank in Philippines through Bank Of China, Manila Branch​.  Full Article

BOC Hong Kong's 9-mth net operating income before impairment allowances HK$35.60 bln, up 14 pct
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Boc Hong Kong Holdings Ltd <2388.HK>:In first nine months of 2017, group's net operating income before impairment allowances grew by 14.0% year-on-year​.9-mnth operating profit before impairment allowances hk$26,217 million versus hk$ 22,29 million ‍​.9-month operating income ‍​hk$35.60 billion.  Full Article

BOC Hong Kong posts HY net profit of HK$ 42.731 billion<2388.HK>
Tuesday, 30 Aug 2016 

BOC Hong Kong Holdings Ltd <2388.HK>: 2016 interim results announcement <2388.HK> . HY net profit HK$ 42.731 billion versus HK$13.39 billion a year ago . Says board declared an interim dividend of HK$0.545 per ordinary share . Hong kong- HY net operating income before impairment allowances HK$20.745 billion versus HK$20.73 billion a year ago .  Full Article

BOC Hong Kong enters into acquisition agreements with Bank of China<2388.HK><3988.HK><601988.SS>
Thursday, 30 Jun 2016 

BOC Hong Kong Holdings Ltd <2388.HK>: Bochk has entered into the acquisition agreements with Bank of China . Consideration for the proposed Thailand share acquisition is 14.90 bln baht million . Consideration for the proposed Malaysia share acquisition is 2.03 billion rgt . Agreements in relation to the acquisitions of BOC Thailand and of BOC Malaysia, respectively, as part of the restructuring exercise .  Full Article

Moody's - Deteriorating operating conditions weigh on Hong Kong's banking system
Wednesday, 29 Jun 2016 

Moody's: Deteriorating operating conditions weigh on Hong Kong's banking system . Outlook for the Hong Kong banking system over the next 12-18 months is negative. . Negative outlook for Hong Kong's banking system on expectation that large banks in territory to receive less support from government of Hong Kong .Territory is also set to see gradually rising borrowing costs.  Full Article

BOC Hong Kong Holdings clarifies on press articles regarding potential acquisitions of certain banking businesses by Co<2388.HK><3988.HK><601988.SS>
Monday, 6 Jun 2016 

BOC Hong Kong Holdings Ltd <2388.HK>: The company is reviewing the business strategies for the banking operations of the company in such asean countries" . No binding agreement with respect to any acquisition or corporate restructuring transaction has been entered into" . Notes there are recent press articles regarding potential acquisitions of certain banking businesses by the company . Says has commenced discussion with Bank of China in respect of the potential restructuring .  Full Article

BOC Hong Kong Holdings clarifies on media speculation regarding potential asset disposal<2388.HK>
Monday, 23 May 2016 

BOC Hong Kong Holdings Ltd <2388.HK>: Company notes recent media speculation with regard to a potential asset disposal by the company . Company is conducting a feasibility study to review its group's business and assets portfolio . No firm decision has been made to proceed with any such transaction" . No binding agreement with respect to any disposal or restructuring transaction has been entered into as at date of this announcement .  Full Article

Bank of China HK agrees to buy Vietnam, Philippines businesses from parent

BEIJING, Nov 6 BOC Hong Kong Holdings Ltd , a unit of Bank of China Ltd, said on Monday it had agreed to acquire the Vietnamese and Philippine businesses from its parent for about $238 million, the latest step in the bank's restructuring in Southeast Asia.