The Federal Reserve Board on Friday, announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Sumitomo Mitsui Financial Group, Inc., and Sumitomo Mitsui Banking Corporation, both of Tokyo, Japan, to acquire up to 19.9 percent of the voting shares of The Bank of East Asia, Limited, Hong Kong S.A.R., People's Republic of China.
Attached is the Board's Order relating to this action.
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Board Votes
