Hang Seng Bank Shares Jump 30% On Parent Hsbc's Privatization Bid, Valuing It At Over $37 Billion

Hang Seng Bank shares jumped 29.5% Thursday after parent HSBC announced plans to take it private, valuing the lender at more than 290 billion Hong Kong dollars (over $37 billion). HSBC, Europe's largest lender, has asked Hang Seng Bank's board to put ...Read more