D-day for HSBC's sale of stake in Ping An
Views on whether the second part of the transaction, worth about US$7.4 billion, can be completed are divided after several dramatic turns of events, including the transfer out of Hong Kong the head of China Development Bank's branch in the city, which was initially prepared to provide loans to support a Thai conglomerate's bid for the stake.
via Business feed http://www.scmp.com/business/banking-finance/article/1140541/d-day-hsbcs-sale-stake-ping