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HSBC investor Ping An to retain stake - reports
HSBC Holdings PLC (LSE:HSBA) major shareholder Ping An will reportedly hold its US$13.3 billion stake in the bank despite speculation it was looking for an exit. A Reuters-cited source said on Friday that Ping An would “continue to hold the investment” and that the asset manager was “positive about HSBC”.
Top HSBC shareholder Ping An will retain investment in bank, source says, amid sale talk
Ping An Asset Management, HSBC Holdings PLC's largest shareholder, will continue to hold its investment in the Asia-focussed lender, a source close to the Chinese fund manager said on Friday, after reports it was considering selling more shares.
HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
Ping An last year had supported a shareholder motion to spin off HSBC's Asia business and establish fixed dividends. The motion was eventually defeated.
HSBC's biggest investor Ping An mulls options to cut stake, Bloomberg News reports
HSBC's , largest shareholder, China's Ping An Insurance , is mulling options to reduce its 8% stake in the Asia-focussed lender, Bloomberg News reported on Thursday citing people familiar with the matter.
