HSBC to Buy Out Minority Shareholders in Hang Seng Bank in $13.6bn Deal Amid Hong Kong Property Turmoil

HSBC Holdings has announced plans to acquire the remaining 36.5% stake it does not already own in Hong Kong’s Hang Seng Bank for HK$106.1 billion ($13.6 billion), in a move that underscores both confidence in its Asian growth strategy and growing challenges in the region’s property-driven financial market. According to Reuters, the banking giant said

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