Welcome to our awesome company that provides complete software development activities utilizing nearshore and offshore resources. With our expertise in various areas such as mobile app development, technology maintenance, and web server development, we are confident in our ability to meet all of your technology development needs.
Recently, HSBC’s top brass defended their strategy in Hong Kong, where the bank faces calls to be split up. However, as an investor, it’s important to consider the potential negative impact of such a move. We firmly believe that splitting the bank would not be in the interest of shareholders.
At our informal shareholder meeting, our Chairman and CEO reiterated our board’s strong recommendation to reject a resolution that would force us to spin off or reorganize our Asian business. We have thoroughly reviewed various restructuring options and have concluded that they would only destroy value for our shareholders.
Our current strategy is working, and we are moving dividends up. We understand that shareholders in Hong Kong have concerns about business performance in other regions, but we want to assure you that our profits in Hong Kong and the UK are no longer being dragged down by underperformance elsewhere. As a whole, our group is performing well.
It’s important to note that a breakup of the bank would result in significant revenue loss, as much of our business relies on cross-border transactions. Additionally, we have heard the concerns about the dividend cancellation in 2020, and we are committed to making the necessary adjustments to protect the interests of our shareholders.
We understand that small shareholders have been affected by the dividend cancellation, and we apologize for any inconvenience caused. We urge you to consider the long-term benefits of our strategy and the potential negative consequences of a breakup.
We value the voice of our shareholders and encourage you to vote against the proposal to spin off our Asian business. We are committed to exploring all opportunities to improve our performance and value, and we appreciate your continued support as we navigate through this challenging time.
In conclusion, we believe that our strategy is working and that splitting the bank would not be beneficial for our shareholders. We remain focused on delivering excellent results and providing you with the best returns on your investment. Together, we can overcome challenges and ensure a prosperous future for all.