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Bank of East Asia completes sale of 2 units to SinoPac Financial subsidiaries

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Bank of East Asia completes sale of 2 units to SinoPac Financial subsidiaries

Bank of EastAsia Ltd. said April 6 that it completed the of subsidiaries Tung Shing HoldingsCo. Ltd. and BEA Wealth ManagementServices (Taiwan) Ltd. to units of

The bank completed the sale of BEA Wealth Management(Taiwan) to SinoPac SecuritiesCorp. on March 28, while the sale of Tung Shing Holdings to SinoPacSecurities (Cayman) Holdings Ltd. was completed April 6.

Bank of East Asia said it will continue to providesecurities and brokerage services in Hong Kong through its other subsidiaries,East Asia Securities Co.Ltd. and East AsiaFutures Ltd.