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HANG SENG BANK Privatization Document to Be Dispatched by 17 Dec
Recommend 23 Positive 24 Negative 20 |
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HSBC HOLDINGS (00005.HK), HSBC and HANG SENG BANK (00011.HK) jointly announced that, given the time required for the preparation of the information to be contained in the scheme document for the proposed privatization of HANG SENG BANK, including the letter of advice from HANG SENG BANK's independent financial advisor (IFA) and the recommendation of HANG SENG BANK's independent board committee (IBC) and the procedures of the High Court in respect of the scheme, an application has been made pursuant to relevant rules of the Takeovers Code for, and the Executive has granted consent to, an extension of the latest date for despatch of the scheme document from today (30th) to 17 December. On the basis that the scheme document is despatched on or before 17 December, subject to the satisfaction or waiver of the conditions, the proposal is currently expected to be completed within 1Q26. AASTOCKS Financial News Website: www.aastocks.com |
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