The CP Group will use revenues from Ping An acquisition to grow in China. CP Group of Thailand head had confirmed that its earnings from the Ping An transaction would be reinvested in China.
Tags: HSBC
HSBC Sells Billabong’s Syndicated Loan
Billabong lost HSBC Holdings Plc as a syndicated lender after the latter sold a portion of its loan to a specialized investment firm.
Dubai Shares Increased to Its Highest after HSBC Strengthens MSCI Bets
Dubai shares moves up to its highest since 2008 and could end up being reclassified by HSBC to emerging market status.
HSBC Plans to Sell Stake In PT Bank Ekonomi Raharja
HSBC is planning to sell off shares totalling of 98.94% of its stake with the PT Bank Ekonomi in Indonesia.
HSBC to Continue Path Led by CEO Stuart Gulliver
HSBC will cut back costs and sell off minority assets under the three year restructuring plan of CEO Stuart Gulliver.
Latest News
HSBC winds up Hermitage Fund. HSBC Holdings Plc has closed down Hermitage Capital Management and its Russia Fund. The fund's co-founder, William Browder, is now facing charges of libel in London and concurrently being tried in Moscow for tax evasion.
A proposal for the sale of preferred shares of stock would be tabled for the shareholder meeting of Bancolombia.
British lender HSBC raised about $430 million after selling its holdings in India's Axis Bank and Yes Bank on Thursday.
HSBC is considering selling parts of its U.S. real estate portfolio to accelerate the run-down of the business.
