Tag: Privatisation
-
HSBC and Hang Seng Bank Provide Scheme Document for Hang Seng Privatisation
Overview of the Privatisation Proposal HSBC Holdings plc and Hang Seng Bank Limited have announced the despatch of the Scheme Document outlining their proposed privatisation of Hang Seng Bank. The move aims to simplify Hang Seng Bank’s corporate structure and position the bank for long-term strategic growth. The Scheme Document is a critical step in…
-
Genting’s RM6.74B Bid to Privatize Genting Malaysia Amid NY Casino Push
Genting Moves to Take Genting Malaysia Private Genting Berhad announced on October 13 a conditional cash offer to acquire all remaining shares of Genting Malaysia Berhad it does not already own. Valued at RM6.74 billion (about S$2.1 billion), the proposal aims to privatise Genting Malaysia and consolidate control over the group’s casino and hospitality arm.…