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HANG SENG BANK Set to Delist on Jan 27
Recommend 7 Positive 14 Negative 3 |
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HSBC HOLDINGS (00005.HK) and HANG SENG BANK (00011.HK) jointly announced that the privatization scheme of Hang Seng Bank by HSBC was sanctioned by Hong Kong's High Court during the court hearing held today (23rd). The reduction of the issued share capital was also confirmed by the High Court on the same day at the same hearing. The scheme is expected to become binding and effective on January 26. A further announcement will be made when the scheme has become binding and effective. The Hong Kong Stock Exchange has approved the withdrawal of listing of HANG SENG BANK Shares from the Hong Kong Stock Exchange with effect from 4:00 pm on January 27, subject to the scheme becoming binding and effective. AAStocks Financial News |
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