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HSBC Proposes to Privatize Hang Seng Bank, Continue Brand

TigerOct 9, 2025 12:30 AM
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HSBC Holdings has proposed to make Hang Seng Bank go private.

The privatization would be for HK$155 per share in cash, a premium of more than 30% versus the last closing price, HSBC said in a statement on Thursday. The shares would be canceled under the proposal.

“HSBC intends to continue to respect the legacy of Hang Seng Bank and to serve Hong Kong through both the HSBC and Hang Seng Bank brands,” the UK bank said.

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