Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Hong Kong’s Hang Seng Bank has announced that an independent board committee has determined HSBC’s $13.6 billion take-private offer to be fair and reasonable, recommending that minority shareholders vote in favor of the proposal. The endorsement marks a significant step forward in one of the largest banking-related transactions in Hong Kong in recent years.
Under the proposed deal, HSBC plans to acquire the remaining 36.5% stake in Hang Seng Bank that it does not already own. If approved, the transaction would result in HSBC taking full ownership of the Hong Kong-based lender, further consolidating its position in the Asian banking market. HSBC currently holds a controlling stake in Hang Seng, which is considered one of Hong Kong’s most established and influential banks.
HSBC chief executive Georges Elhedery told Reuters that the acquisition aligns with the group’s broader strategy of strengthening core operations through selective acquisitions, while continuing to divest non-core assets. The move reflects HSBC’s long-term commitment to Asia, particularly Hong Kong, which remains a key profit engine for the global banking group despite economic headwinds.
Hang Seng Bank has faced growing challenges in recent years due to its relatively high exposure to the Hong Kong and mainland China property markets. Pressure on the sector is expected to intensify as debt-laden property developers and their creditors confront a sharp rise in bond maturities, forecast to increase by nearly 70% next year. These conditions have weighed on investor sentiment and bank valuations across the region.
Founded in 1933, Hang Seng Bank is one of Hong Kong’s largest banks and a principal member of the HSBC Group. According to its website, the bank serves approximately 4 million customers through a combination of digital banking platforms and more than 250 branches across Hong Kong. The proposed take-private transaction could give HSBC greater flexibility to manage risks, streamline operations, and navigate ongoing market volatility in Greater China.
If approved by minority shareholders, the deal would mark a major milestone in HSBC’s Asian growth strategy while reshaping the ownership structure of one of Hong Kong’s most iconic financial institutions.
