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An announcement from Bank of East Asia ( (HK:0023) ) is now available.
The Bank of East Asia (BEA) has entered into a Framework Agreement with Sumitomo Mitsui Banking Corporation (SMBC) to facilitate Spot Transactions and Derivative Contracts between the two groups. This agreement, effective from October 10, 2025, to December 31, 2027, outlines the terms for transactions that will be negotiated on an arm’s length basis and comply with market conditions. As SMBC is a substantial shareholder of BEA, the transactions are considered continuing connected transactions under Hong Kong’s Listing Rules. The agreement is subject to reporting and annual review requirements but is exempt from independent shareholders’ approval.
The most recent analyst rating on (HK:0023) stock is a Sell with a HK$11.80 price target. To see the full list of analyst forecasts on Bank of East Asia stock, see the HK:0023 Stock Forecast page.
More about Bank of East Asia
The Bank of East Asia, Limited (BEA) is a financial institution incorporated in Hong Kong in 1918. It operates within the banking industry, providing a range of financial services including retail and corporate banking, wealth management, and investment services. BEA focuses on serving the financial needs of individuals and businesses primarily in Hong Kong and Greater China.
Average Trading Volume: 1,678,710
Technical Sentiment Signal: Buy
Current Market Cap: HK$32.22B
For detailed information about 0023 stock, go to TipRanks’ Stock Analysis page.