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[HSBC loses interest] HSBC cancels dividend payout

2020-04-06T07:03:29.349Z


HSBC Holdings (0005) announced last Wednesday (1st) that in response to the request of the Prudential Regulation Authority of the Bank of England, it announced the cancellation of the fourth interim interest rate last year, and will not pay dividends and repurchase this year. After the announcement, the minority shareholders are quite


Financial News

Written by: Hu Xueneng, Zhai Ziqian

2020-04-06 13:56

Date of last update: 2020-04-06 14:59

HSBC Holdings (0005) announced last Wednesday (1st) that in response to the request of the Prudential Regulation Authority of the Bank of England, it announced the cancellation of the fourth interim interest rate last year, and will not pay dividends and repurchase this year. After the news was announced, minority shareholders were quite surprised and felt their own interests were damaged. Individual minority shareholders decided to organize the "HSBC Minority Rights and Interests Alliance", requesting the board of directors of HSBC to consider the use of stock dividends and intending to go to court. "Hong Kong 01" was broadcast live at the press conference of the major rights and interests alliance to let readers know the latest actions of the organization.

Mr. Ye, a representative of Shunyu Asset Management, pointed out that HSBC suddenly canceled the payment of dividends, which made the minority shareholders express great regret. He said that Shunyu Asset Management was entrusted by customers and called small shareholders to recover losses from HSBC.

Shunyu Asset Management also mentioned that HSBC is a constituent stock of the three major HSIs, which is particularly representative. Many tools are related to the HSI and have a wide range of implications. In addition to affecting the shareholders directly held, it also includes the accumulation of the general public. Jin believes that the net effect affects investment performance. Institutions believe that the exemption of net dividends will shake the integrity of HSBC, and the setting of precedents will also make institutional investors lose confidence.

Ms. Huang, a minority shareholder, pointed out at the press conference that she feels thunderous about HSBC ’s cancellation of dividends and the absence of bonus shares. (Live screenshot)

Huihuang Donghuang said that although she understands that investment is risky, she has held 10,000 shares of HSBC earlier and bought 10,000 shares before the net. Until April 1st, the group announced the cancellation of dividends, but there are no bonus shares. Dispatched, I feel thunderbolt for the news, and even said, "It is better to call it HONG KONG BANK, UK BANK". She also pointed out that she is already in control, and the holding price of the exchange has "waited to save money". She also mentioned that she needs to provide insurance every year, involving 50,000 yuan, and she believes that dividend income can help. It is unknown at this time what she intends to do.

Another Hui Holdings Ms. Dong Li said that she always believed that buying HSBC had an interest-bearing income. She also listened to the government's self-made annuity, thinking that there were more than 10,000 yuan in dividend income every month, even if the stock price fell. She bluntly said that "Huikong looks like a thief." After announcing the dividend, she even cancelled the distribution with a single sentence, and asked if the poor economy in the future could save the shareholders' money to the United Kingdom. Yeah? "

HSBC My Home

Source: hk1

All news articles on 2020-04-06

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