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HSBC Proposes $13.6 Billion Privatization of Hang Seng Bank

The banking giant has offered to acquire full control of its Hong Kong-based subsidiary in a multi-billion-dollar deal.

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Terms & Concepts
  • Privatization: The process of converting a publicly traded company into a privately held entity by buying out its public shareholders.
  • Acquisition: A corporate action in which one company purchases most or all of another company's shares to gain control.