
Latest Search

Quote
Back Zoom + Zoom - | |
HKMA Aware of HSBC HOLDINGS' Plan to Take HANG SENG BANK Private, To Mount Regulatory Approvals upon Established Mechanisms & Procedures
Recommend 40 Positive 54 Negative 60 |
|
![]() |
|
HSBC HOLDINGS (00005.HK) plans to privatize HANG SENG BANK (00011.HK) at a 30.3% premium. The HKMA responded by saying that it is aware of the plan, and has been in communication with the banks concerned regarding the relevant regulatory approvals in accordance with established mechanisms and procedures. It takes note of HSBC HOLDINGS’ stated rationale for the transaction being investing significantly into Hong Kong and that upon completion of the transaction, the Hongkong and Shanghai Banking Corporation Limited and Hang Seng Bank Limited will continue to operate as two separate Authorized Institutions. The HKMA will continue to maintain dialogues with the relevant banks. AAStocks Financial News |
|