Statement re Bao Viet Holdings

HSBC Holdings plc (“HSBC”) notes the recent press speculation concerning a possible sale by its wholly-owned subsidiary HSBC Insurance (Asia Pacific) Holdings Limited of its 18 percent stake in Bao Viet Holdings, Vietnam’s leading insurance and financial services group.

HSBC confirms that it is reviewing its strategic options with respect to its shareholding in Bao Viet Holdings. No decision has been made as yet and HSBC will make a further statement if or when appropriate.

 

Category: Finance