Two HSBC Bank logos are displayed on an office building in Mexico City, Mexico on July 25, 2025.
Henry Romero | Reuters
HSBC said so It was requested by the Board of Directors of Hang Seng Bank Submitting a privatization proposal to shareholders through a scheme of arrangement under the Hong Kong Companies Act.
Shares in Hang Seng Bank, a subsidiary of HSBC, will be divested for HK$155 (US$19.78) per share, valuing the bank at about HK$290.74 billion.
“One of HSBC’s strategic priorities is growth in Hong Kong,” the bank said in its filing, adding that it believes it is “better positioned” to do this by strengthening the Hong Kong banking presence of both HSBC Asia Pacific and Hang Seng Bank.
Hang Seng Bank is a core regional unit of HSBC, with a significant presence in the Hong Kong banking industry
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