HSBC Moves to Take Hang Seng Bank Private
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HSBC Holdings plc is advancing a proposal to privatize Hang Seng Bank Limited through a scheme of arrangement. This will lead to the delisting of Hang Seng Bank shares and payment to shareholders. Details on the effective date and timeline for delisting and payment have been shared in a joint announcement.
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Source: Reuters The copyright of this article belongs to the original author/organization.
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