{"id":138012,"date":"2025-10-09T00:38:20","date_gmt":"2025-10-09T00:38:20","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=138012"},"modified":"2025-10-09T00:38:20","modified_gmt":"2025-10-09T00:38:20","slug":"hsbc-to-take-hang-seng-bank-private-amid-worsening-property-loans","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=138012","title":{"rendered":"HSBC to take Hang Seng Bank private amid worsening property loans"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostHSBC Holdings said it would privatise its Hang Seng Bank subsidiary, drawing the curtains on half a century of the unit\u2019s publicly traded status amid worsening real estate loans in Hong Kong.<br \/>\nHSBC offered to buy all outstanding Hang Seng Bank shares for HK$155 (US$19.92) each in cash, or a premium of 30 per cent over the bank\u2019s Wednesday closing price of HK$119, according to a statement to the Hong Kong stock exchange on Thursday morning. The Hang Seng shares would be cancelled after the&#8230;<a href=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3328293\/hsbc-announces-plan-privatise-hang-seng-bank?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostHSBC Holdings said it would privatise its Hang Seng Bank subsidiary, drawing the curtains on half a century of the unit\u2019s publicly traded status&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/138012"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=138012"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/138012\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=138012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=138012"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=138012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}