Xinhua
08 Jan 2026, 20:15 GMT+10
HONG KONG, Jan. 8 (Xinhua) -- The HSBC Group, together with the Hong Kong and Shanghai Banking Corporation Limited, on Thursday announced that the scheme of arrangements to privatize Hang Seng Bank Limited has been approved by relevant shareholders of the bank.
The proposal received strong shareholder support, said the HSBC Group. Around 86 percent of the votes were cast in favor of the scheme at the court meeting of Hang Seng Bank.
The scheme is expected to become effective on Jan. 26 pending ratification by Hong Kong's High Court, which would lead to the withdrawal of the listing of Hang Seng Bank shares from the Hong Kong Stock Exchange on the following day.
"The approval reflects strong confidence in Hang Seng Bank's franchise and in the opportunities that full ownership within the HSBC Group can unlock," said HSBC Group CEO Georges Elhedery, commenting on the shareholders' vote.
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationWASHINGTON, D.C.: U.S. President Donald Trump's words after the abduction of deposed Venezuelan leader Nicolás Maduro have taken the...
NEW DELHI, India: On January 5, India's Supreme Court denied bail to two student activists who have been in detention in connection...
MINNA, Nigeria: In the latest attack reported from the conflict-hit region, gunmen raided a village in northern Nigeria's Niger state...
NEW YORK CITY, New York: A little-known trader is drawing attention after a speculative wager tied to the fate of Venezuela's president...
CARACAS, Venezuela: A little over a day after U.S. forces stormed the capital and whisked President Nicolás Maduro and his wife from...
ATHENS, Greece: Airport operations across Greece came to a virtual standstill for several hours following the collapse of radio frequencies...
WASHINGTON, D.C.: U.S. President Donald Trump's ability to unilaterally impose far-reaching tariffs has given rise to skepticism among...
NEW YORK CITY, New York: Millions of Americans are beginning 2026 facing sharply higher health insurance bills after enhanced Affordable...
(Photo credit: Mark Hoffman/Milwaukee Journal Sentinel / USA TODAY NETWORK via Imagn Images) CHICAGO -- The Green Bay Packers are...
(260108) -- SAN FRANCISCO, Jan. 8, 2026 (Xinhua) -- Golden State Warriors' Stephen Curry (front) competes during the 2025-2026 NBA...
(Photo credit: Brad Penner-Imagn Images) Paolo Banchero banked in a 3-pointer at the buzzer in overtime off an inbounds pass from...
(Photo credit: Robert Edwards-Imagn Images) Stephen Curry had a team-high 31 points, De'Anthony Melton added a season-high 22 and...
