HSBC said on Thursday it planned to privatise Hong Kong's Hang Seng Bank after its majority-held subsidiary has come under fire for its performance and exposure to faltering property markets in the ...
HSBC Makes Privatization Offer for Hang Seng Bank
HSBC, which owns a 63% stake in Hang Seng Bank, said Thursday that it has made a cash offer of 155.00 Hong Kong dollars, equivalent to US$19.92 per share, to buy shares it doesn’t already own in the ...
Hang Seng Bank shares jump 30% on parent HSBC’s privatization bid, valuing 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 ...
HSBC offers to privatise Hang Seng Bank via scheme of arrangement at HK$155 per share
HSBC has offered to privatise Hang Seng Bank via a scheme of arrangement. The scheme price is HK$155 per share, a 33% premium over the undisturbed 30-days average closing price of HK$116.5.
Hong Kong court allows HSBC to repossess Abby Choi’s former father-in-law’s flat
Subsidised flat in Kwai Chung’s Sheung Man Court repossessed after Kwong Kau, 67, defaulted on HK$2 million mortgage loan from the bank.
Chinese Robotics Company to Raise US$85 Million in Hong Kong IPO
Robotics company Beijing Yunji Technology plans to raise $84.7 million via an initial public offering in Hong Kong, as Chinese companies continue to tap the city's fundraising markets.
Asia markets set to open higher after World Bank raises regional growth forecast
Asia-Pacific markets were set to open higher Wednesday, breaking ranks from Wall Street losses. Asia-Pacific markets were set to open higher Wednesday, breaking ranks from Wall Street losses, after ...
Hong Kong Regulator Orders HSBC, Standard Chartered To Tap Crypto Clients
Lenders, including HSBC Holdings, Plc HSBC and Standard Chartered PLC SCBFY SCBFF, faced pressure from Hong Kong's banking regulator to take on crypto exchanges as clients despite a series of ...
Hong Kong market’s connector role not just for mainland China, Citic boss says
When Thai coconut water brand IFBH raised HK$1.16 billion (US$149 million) through a stock offering in Hong Kong in June, Li Chunbo, chairman and CEO of the deal's sole sponsor Citic Securities ...
Youibot’s Hong Kong IPO Filing Aligns With China’s Robotics Drive
Hong Kong's financial markets never lack for good narratives. The artificial intelligence (AI) bonfire dating back more than a year has ignited another story this year in robotics stocks, sending ...
Chinese solar inverter and energy storage giant Sungrow seeks Hong Kong IPO
Sungrow’s filing comes amid the Trump administration’s roll-out of new import tariffs covering China-made solar energy products.
MoVision Intelligent Officially Announces IPO: Can Its Full-Stack Self-Developed Technology Lead the Explosion of the Smart Driving Market?
On September 26, MoVision Intelligent, a leading AI-driven smart driving solution provider in China, officially submitted its IPO application to the Hong Kong Stock Exchange, with Guotai Junan ...
Luanne Lim
Pending regulatory approval, Luanne Lim will soon step into the CEO role at Hang Seng Bank—originator of Hong Kong’s benchmark stock index—after helming HSBC’s Hong Kong unit since 2022. With over 26 ...
Hong Kong-listed China Financial to raise $11M to build crypto, AI investment platform
The Hong Kong-listed investment company China Financial Leasing Group announced plans to raise approximately HK$86.5 million ($11.1 million) to fund the creation of a crypto investment platform.