HSBC Activist Investor Lobbies Shareholders Ahead of Meeting
- Shareholders due to vote at meeting in Birmingham on May 5
- ISS, Glass Lewis say shareholders should vote against proposal
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An HSBC Holdings Plc shareholder in Hong Kong is lobbying institutional shareholders to vote in favor of a proposal to restructure the lender’s business at its annual general meeting on May 5.
Ken Lui, leader of the “Spin Off HSBC Asia Concern Group,” has hired Alliance Advisors, a firm specializing in shareholder engagement to help in identifying and contacting HSBC investors.