Double whammy for Bank of East Asia shareholders

SMFG’s greater presence in the Hong Kong bank makes M&A less likely and dilutes other shareholders.

Shareholders in Bank of East Asia (BEA) may be disappointed that Japanese megabank SMFG plans to raise its stake to 17.5% as analysts say the move makes a takeover approach even less likely and dilutes existing shareholders.

¬ Haymarket Media Limited. All rights reserved.

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