HSBC shareholders may sue for dividend payments
Hong Kong shareholders, many of whom rely on dividend income, call for extraordinary meeting with management after regulator forces payout suspension
06 April 2020 - 17:15
Hong Kong — HSBC shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against the bank's decision to scrap dividend payments.
HSBC and other top British banks on Wednesday announced the suspension of dividend payouts after pressure from the regulator to save their capital as a buffer against expected losses from the new coronavirus crisis...
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