HSBC could offer shareholders up to $26.5 billion in extra returns if it spins off its Asian business, The Sunday Times reported, citing a research report allegedly commissioned by Chinese insurer Ping An, which wants to break up the lender.
The research, by Hong Kong’s In Toto Consulting, looks at three options, the UK paper said: spinning off HSBC’s Asian business entirely; separately listing 25% of the unit; or floating a quarter of just the Hong Kong retail business.
Read the full report: The Times
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