BOC Hong Kong (02388) and Bank of China (03988) said completion of Bank of China (Hong Kong) Limited's (BOCHK) proposed disposal of 70.49% of the total issued shares of Chiyu Banking Corporation (Chiyu Bank) will take place on 27 March.
Upon completion, Chiyu Bank will cease to be a subsidiary of each of Bank of China, BOCHK (Holdings) and BOCHK.
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