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Hang Seng Bank's stake in Industrial Bank diluted to 10.9 pct-HSBC
January 9, 2013 / 1:16 AM / in 5 years

Hang Seng Bank's stake in Industrial Bank diluted to 10.9 pct-HSBC

HONG KONG, Jan 9 (Reuters) - Hang Seng Bank’s stake in Shanghai-listed Industrial Bank Co. has fallen to 10.9 percent from 12.8 percent as a result of the completion of a private share placement by the latter, Hang Seng Bank owner HSBC said on Wednesday. The share placement to undisclosed third parties was announced last year and completed on Monday.

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