HSBC receives strong backing from Hang Seng Bank’s independent shareholders, getting 85.75 per cent of the votes.

Hang Seng Bank shareholders on Thursday approved a plan by its majority owner HSBC to take the bank private, in a landmark ...

IDBI Bank Privatisation: The long-awaited privatisation of IDBI Bank is likely to be completed by the end of this month. The central government has set a clear target to finalize the disinvestment ...

Shares of Chinese regional lender Shengjing Bank Co. surged as much as 23% in Hong Kong trading on Monday, after its state-backed shareholder said it will raise an offer to take the bank private. The ...

HSBC Holdings plans to take Hang Seng Bank private in a deal that values the Hong Kong lender at US$37.30 billion. U.K.-based HSBC said the privatization proposal reflects its "strong conviction in ...