HSBC TO SELL SHAREHOLDING IN BAO VIET HOLDINGSDecember 20th, 2012
FiledDecember 20th, 2012HSBC Insurance (Asia-Pacific) Holdings Limited, an indirect wholly-owned subsidiary of HSBC Holdings plc (“HSBC”), has entered into an agreement to sell its entire 18% shareholding in Bao Viet Holdings (“Bao Viet”), to Sumitomo Life Insurance Company for a consideration of VND7,098bn (approximately US$340m) in cash.