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HSBC HOLDINGS' Stake in BANKCOMM to Be Diluted; Mark Tucker: Commitment to Shareholding Unchanged
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BANKCOMM (03328.HK) announced an A-share placement, resulting in HSBC HOLDINGS (00005.HK)'s stake in BANKCOMM being diluted from 19% to approximately 16%. At an informal shareholder meeting in Hong Kong, HSBC HOLDINGS Chairman Mark Tucker stated that BANKCOMM's profitability continues to improve, allowing the group to sustain deep-pocketed returns. He emphasized that HSBC HOLDINGS remains committed to its presence in China and will strive to maintain its shareholding in BANKCOMM in the future. Tucker highlighted that BANKCOMM has been a key strategic partner for the group for over 20 years, delivering enormous benefits to HSBC HOLDINGS' customers in China and other markets. The group views BANKCOMM as a long-term strategic partner and intends to continue close collaboration moving forward, he added. AAStocks Financial News |
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