HSBC Shareholders to Vote on Asia Business Spin-Off
TL;DR Summary
HSBC shareholders are set to vote on proposals at the bank's annual meeting Friday, including on whether to spin off its Asia business. The "special resolutions" require 75% of votes to pass, but HSBC CEO Noel Quinn has pushed back on the resolutions, previously telling CNBC he does not believe that fixed dividends are "wise corporate governance and wise capital management for a bank." Last month, HSBC said spinning off its Asian business "would result in material loss of value for HSBC shareholders."
- HSBC shareholders to vote on whether to spin off Asia business at Friday's annual meeting CNBC
- HSBC-Ping An Showdown Looms Bloomberg Television
- Born in Asia but Based in Britain, HSBC Fights to Stay in One Piece The New York Times
- HSBC faces shareholder vote on splitting bank Bangkok Post
- HSBC shareholders set to vote on breaking up its Asian business Quartz
- View Full Coverage on Google News
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