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HANG SENG BANK's Rannie Lee Pledges No Changes to Customer Service
2025-10-13 16:14:08 Rannie Lee, Head of Wealth and Personal Banking at HANG SENG BANK (00011.HK), revealed in a letter to clients that the recent proposal by HSBC to privatize Hang Seng through a scheme of arrangement is currently at a preliminary stage and must meet certain conditions, including approval by independent shareholders at the Hang Seng Bank Court Meeting and the Hang Seng Bank General Meeting, as well as approval by the High Court of Hong Kong. Lee reiterated that Hang Seng will continue to maintain its independent licensed bank status under the Banking Ordinance, uphold its corporate governance, brand, unique market positioning, and branch network, and ensure no changes will occur in its services. ~ AAStocks Financial News Web Site: www.aastocks.com | |