HSBC proposes privatisation of Hang Seng Bank
RTE.ie·2025-10-09 07:28
HSBC said today it planned to privatise Hong Kong's Hang Seng Bank in a deal worth HK13.63 billion) after its majority-held subsidiary has come under fire for its performance and exposure to faltering property markets in the city and mainland China.HSBC will offer HK37 billion.Hang Seng Bank shares surged to as high as HK150.3 by midday, u ...