首页 社会内容详情
usdt互换(www.u2u.it):HSBC overstated risks of proposed US$35bil spin-off, top investor Ping An thinks

usdt互换(www.u2u.it):HSBC overstated risks of proposed US$35bil spin-off, top investor Ping An thinks

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

ERC20-usdt/TRC20-usdt互换www.u2u.it)是最高效的ERC2换TRC20,TRC20换ERC20的平台.ERC2 USDT换TRC20 USDT,TRC20 USDT换ERC20 USDT链上匿名完成,手续费低。

HONG KONG/LONDON: HSBC overstated the challenges in spinning off its Asia unit, a move which could unlock up to $35 billion for investors, when it rebuffed a proposal by Ping An Insurance Group, said a source familiar with the Chinese insurer's thinking.

HSBC, which makes the bulk of its sales and profit in Asia, came under pressure from Ping An, its biggest shareholder, in April to explore options including spinning off its mainstay Asia business to increase shareholder returns.

Details of Ping An's internal discussions come after HSBC on Aug. 1 pushed back against the Chinese investor's proposals while reporting its half-year earnings. Ping An has not confirmed or commented publicly on the break-up proposal.

HSBC said a break-up would mean a potential long-term hit to the bank's credit rating, tax bill and operating costs, and bring immediate risks in executing any spinoff or merger.

Ping An declined to comment, while a spokesperson for HSBC said the bank had nothing to add to comments made by its executives last week.

The detailed rebuttal as described by the source with knowledge of Ping An's thinking represents the investor's most detailed pushback yet of HSBC's strategy, and signals Ping An's intention to continue the dispute.

While activist investors sometimes acquire a stake in a big bank and confront management on how it is run, it is unusual for a Chinese entity such as Ping An, whose top shareholders include state-backed entities, to take such a proactive stance.

Ping An believes a spin-off would generate an additional $25-$35 billion in market value and release over $8 billion in capital, said the source, citing "external" analysis. The source declined to be identified due to the sensitivity of the matter.

,

皇冠买球网址www.hg108.vip)是皇冠体育官网线上直营平台。皇冠买球网址面向亚太地区招募代理,开放皇冠信用网代理申请、皇冠现金网代理会员开户等业务。皇冠买球网址可下载皇冠官方APP,皇冠APP包括皇冠体育最新代理登录线路、皇冠体育最新会员登录线路。

,

HSBC's current market capitalisation is around $133 billion.

Responding to HSBC's argument that spinning off its Asian business will hit global synergies, the source said HSBC would remain a major shareholder of the unit after the separation and both parties could enter into cooperation agreements.

Ping An owns an 8.3% stake in HSBC, worth around $11.4 billion, according to Refinitiv data.

HSBC shares were trading up 0.35% on Thursday, while the broader market was down 0.25%.

UNDERPERFORMANCE

Asia is HSBC's biggest profit centre, with the region's share of the lender's profit rising to 69% in the first half from 64% a year ago.

The spat between HSBC and Ping An shows the challenges facing the UK lender, as it attempts to navigate geopolitical tensions between the U.S., Britain and China amid criticism from lawmakers in the West over the bank's activities in Hong Kong.

HSBC Chief Executive Noel Quinn said on Aug.1 the bank's dialogue with Ping An "has been purely around commercial issues", with no political aspect.

The source said HSBC performed better than expected in the second quarter, but almost all its revenue growth was dependent on "a phased, short-lived and uncontrollable interest rate hike cycle".

  • U交所(www.usdt8.vip) @回复Ta

    2022-08-27 01:24:19 

    尼尔将永远是一个传奇人物,因为他为利物浦的成功做出了贡献。他将凭借这一壮举保持自己的特殊地位,不可撼动。嘿嘿,一起讨论吗

发布评论