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  "documentTitle": "Bank of East Asia, Limited (0023.HK)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott",
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  "presentationDate": "2016-02-04 00:00:00",
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      "text": "The BEA board should, in the best interests of BEA shareholders, conduct an auction process to explore the scope for a sale of BEA at an appropriate premium",
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      "text": "BEA's Hong Kong and China based banking networks are of great strategic value to potential acquirors and BEA's management can no longer rely on contractual lock-in arrangements to assist them in preventing a suitably-priced takeover offer for BEA from succeeding",
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      "text": "We urge all BEA shareholders to also call on the BEA board to act now, to provide all shareholders with an opportunity to earn a meaningful return on their investment, through a sale of BEA - the cumulative damage to shareholders' interests has gone on for long enough",
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      "text": "BEA shareholders have suffered over many years from poor returns on their investment - BEA has clearly failed to demonstrate that it can be competitive and generate healthy returns for shareholders as an independent bank in Hong Kong",
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      "text": "Given the historic and current state of affairs, the board of BEA cannot claim that a sale of BEA would not be in the best interests of all shareholders",
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