Asia business won't be spun off, says HSBC chairman
HSBC Chairman Mark Tucker told the bank's shareholders in Hong Kong on Wednesday a spin-off of its Asian business will not happen.
Source: dealstreetasia.com
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HSBC's chairman says Asia business spin-off 'will not happen'
HONG KONG: HSBC Chairman Mark Tucker told the bank's shareholders in Hong Kong on Wednesday (Apr 3) a spin-off of its Asian business will not happen. "There is no appetite amongst our shareholder base, as demonstrated by last year's AGM results, to vote for a spinoff. That will not happen," Tucker said at
Source: channelnewsasia.com
'It will not happen': HSBC chairman rules out Asian arm spin-off
In May last year, HSBC defeated a resolution from Hong Kong-based shareholders and backed by major investor Ping An to potentially spin-off its lucrative Asia business.
Source: thisismoney.co.uk
HSBC chairman again rules out Asian spin-off
Hong Kong investors told by Mark Tucker that there is no appetite among shareholders to split firm
Source: thetimes.co.uk
HSBC completes sale of Canadian arm to Royal Bank of Canada
Europe's largest bank expects to reap an estimated $4.9billion (£3.9billion) gain from the transaction in its first-quarter results.
Source: thisismoney.co.uk