09
Oct
Oct
HSBC Moves to Fully Privatize Hang Seng Bank in HK$106 Billion Takeover Bid
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News Editor / 1 week
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- 2 min read
HSBC has launched a bold bid to take Hang Seng Bank fully private by acquiring the 36.5% stake it does not already own, through a HK$106.1 billion (US$13.63 billion) all-cash offer at HK$155 per share. The move values Hang Seng at about HK$290 billion (≈ US$37 billion). HSBC already holds roughly 63% of Hang Seng […]