HSBC Holdings plc (HSBA.L) stated that the strategic options with respect to its 98.94% shareholding in PT Bank Ekonomi Raharja Tbk are being reviewed. HSBC's stake in Bank Ekonomi is held by the Group's wholly-owned subsidiary, HSBC Asia Pacific Holdings (UK) Limited.
Peter Wong, Chief Executive Officer of HSBC Asia Pacific, said: "HSBC remains committed to investing and growing in Indonesia. Should the strategic review result in a disposal, the proceeds would be reinvested in Indonesia, a priority market for the HSBC Group."
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