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HANG SENG BANK Writes to Clients Emphasizing No Changes to Services
HSBC HOLDINGS (00005.HK) announced a privatization of HANG SENG BANK (00011.HK) at a 30.3% premium. HANG SENG BANK's services will not undergo any changes, Rannie Lee, Head of...
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HANG SENG BANK Writes to Clients Emphasizing No Changes to Services
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STOCK INFO

HSBC HOLDINGS (00005.HK)  +1.400 (+1.374%)    Short selling $437.18M; Ratio 25.848%   announced a privatization of HANG SENG BANK (00011.HK)  +0.800 (+0.530%)    Short selling $40.50M; Ratio 9.934%   at a 30.3% premium.

HANG SENG BANK's services will not undergo any changes, Rannie Lee, Head of Wealth and Personal Banking at HANG SENG BANK, sent a letter to clients saying.

Related NewsJPM Expects Privatization of HANG SENG BANK to Positively Impact HSBC HOLDINGS' Earnings, Reiterates Rating at Overweight w/ TP $122
He emphasized that the privatization proposal is still in the preliminary stages, and requires approval from independent shareholders at HANG SENG BANK's court meeting and general meeting, as well as the approval of the High Court of Hong Kong.

HANG SENG BANK continued to adhere to its customer-centric philosophy, providing professional and attentive service in daily banking and wealth management, Lee added.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-10-15 16:25.)

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