HSBC activist shareholder demands AGM vote on Asia business spin-off

HSBC activist shareholder demands AGM vote on Asia business spin-off

FILE PHOTO: The HSBC bank logo is seen in the Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause

HSBC‘s most vocal minority investors are demanding a vote at the global lender’s 2023 shareholder meeting in May on whether it should devise a formal plan to boost returns by spinning off its lucrative Asian business.