Elliott Questions Bank Of East Asia’s Nearly $1 Billion Share Sale

11FebFebruary 11, 2015

Elliott Questions Bank Of East Asia’s Nearly $1 Billion Share Sale

Paul Singer’s Elliott Management Corporation has launched a legal action against Hong Kong’s Bank of East Asia for its nearly $1 billion share sale to Japan’s Sumitomo Mitsui Banking Corporation last year.

Bank of East Asia is one of the last remaining family-owned Hong Kong banks.

Elliott seeks BEA’s internal papers

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Author

Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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