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Hang Seng Bank shares jump 25% as parent HSBC's privatization bid values it at over $37 billion
HSBC said it has asked the board of Hang Seng Bank to put forward a privatization proposal to shareholders via a scheme of arrangement under Hong Kong’s Companies Ordinance.
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scmp.com
HSBC to take Hang Seng Bank private in surprise bid for efficiency
HSBC offers to buy subsidiary Hang Seng Bank’s shares for HK$155 each, according to an exchange filing on Thursday.
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cnbc.com
Hang Seng Bank shares jump 25% as parent HSBC's privatization bid values it at over $37 billion
HSBC said it has asked the board of Hang Seng Bank to put forward a privatization proposal to shareholders via a scheme of arrangement under Hong Kong’s Companies Ordinance.
