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HSBC to privatise Hang Seng Bank in surprise bid for efficiency amid real estate loan woes

✍️ Peggy Sito 📅 October 09, 2025 08:38 AM 🕐 Scraped: October 09, 2025

Summary: HSBC offers to buy subsidiary Hang Seng Bank’s shares for HK$155 each, according to an exchange filing on Thursday.

HSBC Holdings announced a plan to privatise its Hang Seng Bank subsidiary, drawing the curtains on half a century of the unit’s publicly traded status in an unexpected move to simplify its structure amid worsening real estate loans in Hong Kong.

The London-b

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Author

Peggy Sito

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🌍 South China Morning Post

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Published Date

October 09, 2025 at 08:38 AM

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