On 5^th September 2014, SMBC, a subsidiary of Sumitomo Mitsui Financial Group, entered into an MOU with The Bank of East Asia (BEA) in respect of the proposed subscription by SMBC of some 222 million new shares (representing approximately 9.53% of BEA’s current issued shares).

Skadden represented SMBC on the transaction. The team included John Adebiyi (Partner/Hong Kong Office Leader), Mitsuhiro Kamiya (Partner, Tokyo), William Sweet (Partner, Washington DC), Brian Christiansen (Partner, Washington DC) and Akira Kumaki (Counsel, Tokyo).

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