LONDON: HSBC Holdings PLC has proposed to privatise its Hong Kong-based subsidiary Hang Seng Bank Ltd through a scheme of arrangement, offering HK$155 per share in cash for the 36.5% stake it does not already own. The deal values the transaction at approximately HK$106.1 billion (US$13.6 billion). The proposal, submitted by HSBC Asia Pacific, is…
SYDNEY: Australian technology accelerator Scalare Partners (ASX: SCP) said on Monday it has acquired Planet Startup Pty Ltd, a Brisbane-based virtual CFO services provider, in a deal aimed at expanding its support for early-stage tech ventures. The acquisition, Scalare’s fifth since April 2023, includes an upfront cash payment of A$150,000 and A$450,000 in escrowed shares…
LONDON: Caledonia Investments plc said Tuesday it has agreed to sell its minority stake in Stonehage Fleming Family & Partners Ltd., a leading multi-family office, to U.S.-based wealth advisory firm Corient Private Wealth LLC. The transaction, which includes other shareholders, is subject to regulatory approvals in the United Kingdom and other jurisdictions. Completion is expected…
LONDON: Begbies Traynor Group plc (AIM: BEG), a leading financial and real estate advisory firm, announced its final results for the year ended April 30, 2025, marking a decade of profitable growth and surpassing market expectations across key financial metrics. Financial Performance Operational Highlights The group reported strong performances across both its core divisions: - Business…
LONDON: K3 Capital Group plc, a multi-disciplinary professional services firm providing advisory services to SMEs, has acquired the entire issued and to be issued share capital of Quantuma Advisory Limited, a holding company containing the assets of Quantuma LLP for an initial consideration of £26.95 million, a news release said. The acquisition is expected to…
LONDON: Begbies Traynor Group, the business recovery, financial advisory and property services consultancy, announces the acquisition of the entire issued share capital of Regeneratus Consulting, which is an Exeter based advisory practice with particular expertise in restructuring, turnaround and legal issues. Founded by Rob Insall in 2016, it reported annual revenue of £0.6 million and…