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HSBC proposes to privatise Hang Seng Bank
Hang Seng has established an Independent Board Committee to consider the proposal.
HSBC Holdings is proposing to acquire the rest of Hang Seng Bank at $155 a share in cash, according to a press release.
Hang Seng Shareholders will receive the 2025 Third Interim Dividend, which will not be deducted from the Scheme Consideration.
However, all other dividends declared by Hang Seng after 9 October until the scheme comes into effect will be deducted from the consideration.
Moreover, the Board of Hang Seng has established an Independent Board Committee to consider the proposal and make a recommendation as to whether it is fair and reasonable.
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