[RSS] What does HSBC’s buyout of Hang Seng Bank mean for its future and investors?

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[RSS] What does HSBC’s buyout of Hang Seng Bank mean for its future and investors?

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Following the January 8 shareholder vote that overwhelmingly approved the largest privatisation deal in Hong Kong’s history, many questions remain about the future of Hang Seng Bank, its stakeholders and the broader financial landscape. For Hang Seng Bank’s shareholders, the immediate question is what to do with the HK$106.16 billion (US$13.6 billion) windfall from HSBC Holdings for acquiring the remaining 37 per cent it does not own. “I invested in Hang Seng Bank for the long term because of...

Source: https://www.scmp.com/business/banking-f ... e=rss_feed
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