HSBC Holdings (HBC) falls on Ping An sale
Posted on December 06, 2012 at 11:36 AM EST
Normal 0 false false false MicrosoftInternetExplorer4 HSBC Holdings plc (ADR) (NYSE:HBC) shares fell 0.1% to $51.80, after it agreed to sell its 15.6% stake in China’s Ping An Insurance for $9.38 billion to Charoen Pokphand Group, which is controlled by Thailand’s richest man, Dhanin Chearavanont. Share volume was 401,000 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;}