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HSBC Holdings PLC - London-based bank focused on Asia - HSBC receives a series of consents from the Hong Kong government required to complete its proposed acquisition of the remainder of subsidiary Hang Seng Bank Ltd. Back in October, HSBC offered to buy out minority shareholders in the Hong Kong-listed lender. HSBC offered HK$155, around $19.92, per share for the 37% of Hang Seng Bank it does not already own. The offer values Hang Seng Bank at HK$290.31 billion, and HSBC’s holding at HK$106.16 billion, or $13.62 billion. Hang Seng Bank shares closed at HK$152.00 on Thursday. The consents relate to dealings in structured products, agency securities lending, market-making in Hang Seng Bank shares, management of passive index-tracking funds, and dealings as executor and discretionary trustee of a deceased’s estate. HSBC separately says the scheme document for the acquisition will be issued by December 17. Current HSBC stock price: 1,063.40 pence 12-month change: up 45% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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