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Articles tagged as "percent-discount"

STOCKS NEWS US-HSBC tumbles in premarket after rights offering – Reuters UK

STOCKS NEWS US-HSBC tumbles in premarket after rights offering Reuters UK, UK The company also said it would shut most of its US consumer lending business, cutting 6100 jobs. In the rights issue, HSBC said it would sell 5.1 billion shares at 254 pence each, a 48 percent discount to Friday’s closing price on the London exchange. …