HSBC Gets China's OK To Sell Off $7.4B Ping An Stake
HSBC and HSBC Asia Pacific, which own nearly 15.6 percent of Ping An's issued shares, sold those shares to units of Thailand-based Charoen Pokphand Group Co. Ltd., the bank said in a statement Friday.
But rumors bubbled up in December that the proposed Ping An buy was falling apart under regulatory scrutiny. The Thai...
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