Deal will mean Hang Seng Bank’s shares are taken off local stock exchange as HSBC doubles down on Asian business
Deal will mean Hang Seng Bank’s shares are taken off local stock exchange as HSBC doubles down on Asian business
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HSBC is shelling out £10bn to take its Hong Kong subsidiary private, in a move it said was designed to take advantage of the financial hub’s role as a “super-connector” between China and global markets.
The deal will result in Hang Seng Bank’s shares being taken off the local stock exchange as London-headquartered HSBC doubles down on its Asian business and snaps up the 36.5% of shares it does not already own.
Continue reading...Source: Guardian - World News
