HSBC to take Hang Seng Bank private amid worsening property loans

Published: 8:38am, 9 Oct 2025Updated: 8:38am, 9 Oct 2025

HSBC Holdings has announced a proposal to privatise Hang Seng Bank, offering to purchase the subsidiary’s outstanding shares at HK$155 per share in cash, according to a filing to the Hong Kong exchange on Thursday.

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The price represents a premium of 30 per cent over the last closing price of HK$119 per share on Wednesday. The shares would be cancelled under the proposal.

More to follow …

  

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