HONG KONG, April 3 (Reuters) – HSBC Holdings Plc’s (HSBA.L) board is unanimous in recommending that shareholders vote in opposition to proposals to restructure the financial institution and pay mounted dividends, its chairman, Mark Tucker, advised Hong Kong shareholders on Monday.
The remark got here as Ken Lui, a person HSBC shareholder and chief of a Hong Kong-based investor group, known as for a break up of the financial institution. His second proposed decision calls on HSBC to revive pre-COVID-19 dividend ranges.
Tucker advised the shareholders a restructuring or spin-off of its Asia enterprise, as demanded by Lui, would create a serious interval of uncertainty for purchasers, and workers and shareholders could be disrupted.
Reporting by Selena Li; Enhancing by Sumeet Chatterjee, Robert Birsel
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