Exclusive-HSBC set to push back against Ping An breakup proposal

Exclusive-HSBC set to push back against Ping An breakup proposal

Posted 2 лет назад in Новости и политика.

User Image
gee mong
0 Друзья
169 Просмотры

 

HSBC Holdings Plc is set to speed up its exit from non-core markets and deploy additional capital in Asia, in a bid to push back against a breakup proposal put forward by its biggest shareholder, two people with knowledge of the matter said.

เกมสล็อต right now are overwhelmingly available for us to choose from. But we suggest you play a game which can be re-spinned.

Ping An Insurance Group Co of China Ltd called on the bank in April to explore strategic options such as spinning off its mainstay Asian business to unlock greater shareholder value.

In response, HSBC hired advisers including London-based investment bank Robey Warshaw to assist on a review of its strategy but has not directly commented on Ping An’s demands.

The outlines of its plan to push back, reported here for the first time, are the result of that review, according to the sources.

A spokesperson for HSBC declined to comment. Ping An, which is China's biggest insurance company, did not immediately respond to requests for comment after regular business hours in Asia.

During its earnings announcement on Aug. 1, HSBC is expected to argue that the bank's future depends on its global network of clients and services, the sources said.

But it plans to outline how it will redouble efforts to meet previously announced goals to exit non-core businesses and shift more of its business to Asia, the sources said. That, in practice, could mean ditching more unprofitable clients in countries such as France and Germany, a third source said.

Теги: news,