Hong Kong: Bank of East Asia to sell $138m consumer finance businesses

Hong Kong: Bank of East Asia to sell $138m consumer finance businesses

A branch of the Bank of East Asia is seen in Singapore. REUTERS/Pablo Sanchez

Hong Kong-based Bank of East Asia Ltd said it would sell certain consumer finance businesses in China and Hong Kong to a money-lending arm of China Financial Services Holdings Ltd for an aggregate HK$1.08 billion ($138.30 million).

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