News Headline Summary

HSBC (5 HK) is to sell 15.57% in Ping An Insurance (2318 HK) for HKD 72.7bln

Says:

- Co. is to sell Ping An stake for USD 9.4bln to Charoen Pokphand.
- Co.'s core tier-1 capital ratio is to rise by 0.5% on sale and total capital ratio is to rise by 1%.

05 Dec 2012 - 00:01 - - Source: Newswires

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