HSBC's (HBC) agreement to sell the rest of its stake Ping An Insurance to Thailand's Charoen...

|About: HSBC Holdings PLC (HSBC)|By:, SA News Editor

HSBC's (HBC) agreement to sell the rest of its stake Ping An Insurance to Thailand's Charoen Pokphand for $7.4B expires tomorrow if a Chinese regulator does not sign off, or if the parties don't agree to an extension. With HSBC planning to book a $2.6B profit on the deal, the "odds are high" the agreement will be extended.