HSBC Dividend Halt Stirs Hong Kong Shareholders’ Outrage

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  • Apr.08 — Simon Yuen, founder of Surich Asset Management, which is leading the HSBC Shareholders Alliance, discusses the bank’s decision to scrap dividends. The alliance, which claimed to have the backing of 3,000 shareholders, made four demands including dividend payments in the form of additional shares rather than cash and to ax directors’ fees for a year, according to a local report. Yuen, whose firm does not own shares in HSBC Holdings Plc, speaks on “Bloomberg Markets.”

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