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Japan Banking Giant Inks $942M Deal To Up Stake In HK Bank

By Tom Zanki (September 5, 2014, 3:48 PM EDT) -- Japan's Sumitomo Mitsui Banking Corp. said Friday it has agreed to buy approximately HK$7.3 billion ($942 million) worth of stock in Bank of East Asia Ltd., nearly doubling Sumitomo Mitsui's investment in Hong Kong's third-largest bank as it continues to invest beyond its borders....

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