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HSBC to sell entire shareholdings in Ping An Insurance

(Xinhua)

09:54, December 05, 2012

HONG KONG, Dec. 5 (Xinhua) -- HSBC Insurance Holdings and The Hong Kong and Shanghai Banking Corporation Limited, indirect wholly-owned subsidiaries of HSBC Holdings plc, have agreed Wednesday to sell their entire shareholdings in Ping An Insurance (Group) Company of China at a price of 9.385 billion U.S. dollars.

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