HSBC Buys Out Hang Seng Bank
HSBC recently purchased the outstanding 37% interest in its subsidiary Hang Seng Bank for $13.6 billion, a 33% premium. Hang Seng Bank shareholders approved Hong Kong’s largest privatization transaction in history, and the largest buyout of a Hong Kong financial services firm, according to London Stock Exchange Group data, on January 8. “For Hang Seng’s…









