The Bank of East Asia (BEA) will require troubled Pearl Oriental Holdings to repay almost HK$100 million following the sale of the luxury mansion, The Genesis, on The Peak, according to a spokeswoman. The luxury house in Severn Road was taken over by the bank when Pearl Oriental failed to repay a mortgage in July. This week the bank agreed to sell The Genesis to mainland property tycoon Hui Wing-mau's Dong Jian Tech.com Holdings, to be renamed Shimao China Holdings, for HK$230 million. The price will not cover Pearl Oriental's debt to the bank of HK$328 million at November 30. The spokeswoman said theoretically the bank had absolute liberty to sell repossessed property at the best offer without informing Pearl Oriental, and HK$230 million was the best offer. Trading of Pearl Oriental shares was suspended yesterday pending an announcement about a possible sale of chairman Wong Kwan's stake in the company and a possible connected transaction. In a previous announcement, the company said it was 'consulting its lawyers for appropriate actions to be taken relating to the possible disputes arising from the sale'.