HSBC hails rights issue as huge success
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Agence France-Presse
Oluşturulma Tarihi: Nisan 07, 2009 00:00
LONDON - Europe's biggest bank HSBC announced a 96.6 percent take-up Sunday for its $17.7 billion rights issue announced last month after a plunge in profits. The rights issue was hailed as a success by HSBC group chairman Stephen Green, who added he was "confident" the company remained "well-placed" despite the global crisis.
HSBC outlined its plan for a record British rights issue in March when it reported a 70 percent plunge in annual net profits.
It has refused British government financial assistance in contrast to rivals like Royal Bank of Scotland.
It offered investors five new shares at a heavily-discounted price of 254 pence each for every 12 they already own."I would like to thank shareholders for their support in this successful rights issue," Green said in a statement issued by the bank. "This underlines our determination that HSBC should maintain its signature financial strength which has served us so well."
It has refused British government financial assistance in contrast to rivals like Royal Bank of Scotland.
It offered investors five new shares at a heavily-discounted price of 254 pence each for every 12 they already own."I would like to thank shareholders for their support in this successful rights issue," Green said in a statement issued by the bank. "This underlines our determination that HSBC should maintain its signature financial strength which has served us so well."