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Hang Seng Bank shares jump 25% as parent HSBC's privatization bid values it at over $37 billion

HSBC has asked the board of Hang Seng Bank to put forward a privatization proposal to shareholders. Shares in Hang Seng Bank would be canceled in exchange for 155 Hong Kong dollars apiece. HSBC owns ...
Bloomberg L.P.

Shengjing Bank Shares Soar After Higher Privatization Offer

Shares of Chinese regional lender Shengjing Bank Co. surged as much as 23% in Hong Kong trading on Monday, after its state-backed shareholder said it will raise an offer to take the bank private. The ...
Bloomberg L.P.

HSBC's Elhedery on Hang Seng Privatization

HSBC Holdings plans to take Hang Seng Bank private in a deal that values the lender at $37 billion, ramping up its exposure to Hong Kong as the financial hub attempts to bounce back from years of ...
Morningstar

HSBC Makes Privatization Offer for Hang Seng Bank — Update

HSBC Holdings plans to take Hang Seng Bank private in a deal that values the Hong Kong lender at US$37.30 billion. U.K.-based HSBC said the privatization proposal reflects its "strong conviction in ...