Hong Kong regulator censures Bank of America units for takeover code breaches

June 29, 2016 9:33 AM

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HONG KONG, June 29 Hong Kong's securities regulator has publicly censured two units of Bank of America for breaches of the city's takeover codes in relation to two transactions last year.

The Securities and Futures Commission (SFC) said in a statement on Wednesday the censures were linked to Bank of America's role in a partial offer for China Resources Beer and the privatisation of Power Assets Holdings Ltd .

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