HSBC shareholders to vote on whether or not to spin off Asia enterprise at Friday’s once-a-year assembly

HSBC shareholders to vote on whether or not to spin off Asia enterprise at Friday’s once-a-year assembly


Important Factors
  • HSBC will keep its annual standard assembly on Friday at 11 a.m. London time/6 p.m. Hong Kong time.
  • Using center stage for investors will be two resolutions tabled by trader Ken Lui, which connect with for a spinoff of HSBC’s Asia business enterprise and set dividends.
  • HSBC’s top shareholder Ping An has supported the resolution, though HSBC alone and investor advisory corporations Glass Lewis and ISS encouraged shareholders to vote down the resolution.



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