HSBC proposes $13.6 billion privatisation of Hang Seng Bank
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MSNReuters
HSBC proposes $13.6 billion privatisation of Hang Seng Bank
HSBC said on Thursday it planned to privatise Hong Kong's Hang Seng Bank in a deal worth HK$106.1 billion ($13.63 billion) after its majority-held subsidiary has come under fire for its performance and exposure to faltering property markets in the city and mainland China. Francis Maguire reports.
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