Lei Shing Hong to acquire Hap Seng Melbourne Holding from CIMB Investment Bank for $175m.

Lei Shing Hong, international conglomerate acquires Hap Seng Melbourne Holding, offering short and medium-term​ loans for business or property investment needs from CIMB Investment Bank for $175m. In line with HSCB ongoing commercial business strategy of consolidating and refocussing its investments, the proceeds from the disposal will enable HSCB to pare down part of its borrowings and meet its working capital needs which includes property development and property investment activities of the HSCB Group.