HK's Bank of East Asia to review assets, pausing legal battle with Elliott

HK's Bank of East Asia to review assets, pausing legal battle with Elliott

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

Hong Kong-based Bank of East Asia Ltd (BEA) has agreed to carry out a review of its business portfolios and assets with the support of activist investor Elliott Management, pausing four-year-old legal proceedings demanding change at the lender.