HSBC to sell stake in Ping An Insurance
Updated: 2012-12-05 10:40
(Xinhua)
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HONG KONG - HSBC Insurance Holdings and The Hong Kong and Shanghai Banking Corporation Limited, indirect wholly-owned subsidiaries of HSBC Holdings plc, have agreed Wednesday to sell their entire shareholdings in Ping An Insurance (Group) Company of China at a price of $9.385 billion.
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