HSBC Asian Spinoff Could Reap $26bn – The Sunday Times

HSBC could offer shareholders up to $26.5 billion in extra returns if it spins off its Asian business, The Sunday Times reported, citing a research report allegedly commissioned by Chinese insurer Ping An, which wants to break up the lender.

The research, by Hong Kong’s In Toto Consulting, looks at three options, the UK paper said: spinning off HSBC’s Asian business entirely; separately listing 25% of the unit; or floating a quarter of just the Hong Kong retail business.

Read the full report: The Times

READ MORE:

HSBC Shuts Down Hong Kong-Based Trade Platform Serai

HSBC Banker Denounces ‘Shrill’ Climate Risk Warnings

HSBC Launches $1bn Share Buyback Amid Calls to Avoid Split

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

You Might also Like

Huawei's Smart Car Tech Gives Foreign Brands A Way Into China

NATO Warns China: Good Ties at Risk, if You Keep Backing Russia

If Legal Fight Fails, ByteDance 'Would Prefer to Shut TikTok in US'

Pure O2 Key to World’s First Carbon-Neutral Cement Plant – IE