» The Bank of China said its board approved a plan to increase its stake in BOC Hong Kong Ltd. over the next 12 months via the secondary market.
» The size of the purchases will depend on the subsidiary’s share price, the bank said March 31.
» The Bank of China added that its purchases will not reduce BOC Hong Kong’s public float below the minimum requirement for listed companies.
» Bank of China holds 65.8 percent of BOC Hong Kong.