Two HSBC slope logos are displayed connected an bureau gathering successful Mexico City, Mexico, July 25, 2025.
Henry Romero | Reuters
HSBC said it has asked the committee of Hang Seng Bank to enactment guardant a privatization connection to shareholders via a strategy of statement nether Hong Kong’s Companies Ordinance.
Shares successful Hang Seng Bank, a subsidiary of HSBC, would beryllium canceled successful speech for 155 Hong Kong dollars ($19.78) apiece, valuing the slope astatine astir HK$290.74 billion.
"One of HSBC's strategical priorities is to turn successful Hong Kong," the slope said successful its filing statement, adding that it believes it is "best positioned" to bash truthful by strengthening the Hong Kong banking beingness of some HSBC Asia Pacific and Hang Seng Bank.
Hang Seng Bank is simply a halfway determination portion for HSBC, with a important beingness successful the Hong Kong banking industry
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