Hong Kong exchanges bids US$39 bil to take over LSE

Malaysia News News

Hong Kong exchanges bids US$39 bil to take over LSE
Malaysia Latest News,Malaysia Headlines
  • 📰 fmtoday
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

The LSE has sought to bolster its presence in Asia and recently launched a link scheme with HKEX competitor Shanghai. FMTNews

The proposed 31.6 billion pounds cash-and-share transaction would only go ahead if the LSE’s takeover of Refinitiv does not proceed.

“The board of HKEX believes a proposed combination with LSEG represents a highly compelling strategic opportunity to create a global market infrastructure leader,” the Hong Kong exchange said in a statement on Wednesday. “HKEX is fully committed to supporting and building the long term roles of both London and Hong Kong as global financial centres,” it added.

After initially jumping more than 17% in reaction to the news, LSE shares were trading 5.4% higher at 12:05pm. Pro-democracy protesters lit fires and vandalised a metro station near the exchange on Saturday as increasingly violent clashes with police move into their fourth month. A top-10 shareholder in the LSE, who declined to be named in line with his company’s policy during potential mergers, sounded a cautious note about the prospects of a successful takeover of the exchange.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

fmtoday /  🏆 5. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zuraida mulls selling RM100bil worth of unsold high-end property to China, Hong Kong buyersZuraida mulls selling RM100bil worth of unsold high-end property to China, Hong Kong buyersPETALING JAYA: Housing and Local Government Minister Zuraida Kamaruddin is mulling the possibility of marketing RM100bil worth of unsold high-end houses to buyers in China and Hong Kong.
Read more »

Hong Kong stocks climb to 6-week high as developers jumpHong Kong stocks climb to 6-week high as developers jumpHang Seng Bank and Wharf Real Estate Investment leads the Hong Kong stock exchange with gains of at least 4.5%. FMTNews
Read more »

Menteri cadang Kempen Pemilikan Rumah sasar pembeli di Hong Kong, ChinaMenteri cadang Kempen Pemilikan Rumah sasar pembeli di Hong Kong, ChinaZuraida Kamaruddin berkata, kempen itu hanya membabitkan penjualan rumah mewah. FMTNews
Read more »

HOC khas untuk pembeli di Hong Kong, ChinaHOC khas untuk pembeli di Hong Kong, ChinaKUALA LUMPUR 11 Sept. - Kerajaan Pakatan Harapan bercadang menganjurkan Kempen Pemilikan Rumah (HOC) khas bagi pembeli di China dan Hong Kong.
Read more »

Hong Kong is the new Cold War's Berlin, says activist Joshua WongHong Kong is the new Cold War's Berlin, says activist Joshua WongJoshua Wong calls for the free world to stand together with Hong Kong to resist the Chinese autocratic regime. FMTNews
Read more »

Hong Kong is the new Cold War's Berlin, declares activist Joshua WongHong Kong is the new Cold War's Berlin, declares activist Joshua Wong'My city now a bulwark between the free world and the dictatorship of China,' Wong tells an audience in Berlin.
Read more »



Render Time: 2025-02-08 19:40:38