The latest stage in a dispute between Bank of East Asia’s directors, and hedge fund Elliott Management, drew to a close in Hong Kong’s High Court on Tuesday, though no final judgement was reached.
Founded in 1918, Bank of East Asia is the largest independent local bank and third largest bank in Hong Kong. It was co-founded in 1918 by Li Koon-chun, grandfather of David Li Kwok-po, who has been its chief executive since 1981.
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