HSBC to acquire Hang Seng Bank in a $13.6bn deal.

HSBC, a banking and financial services organization, offered to acquire Hang Seng Bank, a banking and financial services company, in a $13.6bn deal. “Our offer is an exciting opportunity to grow both Hang Seng and HSBC. We will preserve Hang Seng’s brand, heritage, distinct customer proposition and a branch network, while investing to unlock new strengths in products, services, and technology to deliver more choice and innovation for customers. Our offer also represents a significant investment into Hong Kong’s economy, underscoring our confidence in this market and commitment to its future as a leading global financial centre, and as a super-connector between international markets and mainland China," Georges Elhedery, HSBC Group CEO.