Zhi Tong Cai Jing·2025-10-09 00:28Group 1 - HSBC Holdings and Hang Seng Bank announced a proposal for the privatization of Hang Seng Bank, with HSBC Asia as the offeror [1] - The proposed cash consideration for each share is HKD 155.00, representing a premium of approximately 30.3% over the closing price of HKD 119.00 on October 8 [1] - Shareholders will receive an interim dividend for the third quarter of 2025, which will not be deducted from the proposed cash consideration [1] Group 2 - Hang Seng Bank has a long-standing presence in Hong Kong, and HSBC respects its unique position while planning to maintain its independent brand and governance [2] - HSBC aims to strengthen collaboration between HSBC Asia and Hang Seng Bank to enhance operational efficiency and leverage complementary strengths [2] - The strategy includes continued investment in talent development and technological innovation for both banks [2]