Saturday, December 13, 2008

BOCHK issues profit warning


BOCHK issues profit warning
13-12-2008

Bank of China Hong Kong has issued a profit warning, saying it expects earnings for the year to "decrease significantly". It says it'll borrow US$2.5 billion from its parent company to boost its finances. BOC Hong Kong said its earnings had been hit by the impact of the global financial crisis.

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