HONG KONG: Bank of China Ltd (BOC) will sell Malaysian and Thai assets to its Hong Kong subsidiary for HK$6.9bil (US$887mil) as the fourth-largest mainland lender restructures its businesses in South-East Asia.
The company will sell Bank of China (Thai) Pcl for about HK$3.1bil and Bank of China (M) Bhd for around HK$3.8bil to BOC Hong Kong (Holdings) Ltd, according to announcements made yesterday to the city’s stock exchange.
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