HSBC's $13.6 billion buyout proposal wins Hang Seng Bank board committee's nod

Core Viewpoint - An independent board committee of Hang Seng Bank has deemed HSBC's $13.6 billion take-private offer as fair and reasonable, recommending minority investors to vote in favor of the proposal [1] Group 1 - The independent board committee's assessment supports the valuation of HSBC's offer at $13.6 billion [1] - The recommendation from the committee is aimed at guiding minority investors in their voting decision [1]