September 14, 2019

Hong Kong Exchanges and Clearing (HKEX) doesn’t give up its proposal to merge with London Stock Exchange (LSE), even after the proposal was roundly rejected by the latter and widely doubted by analysts.

To maintain Hong Kong's position as the financial center in Asia, HKEX is likely to raise its bid to seek the transaction, but the possibility of a hostile takeover is very little, according to analysts.

HKEX on Friday expressed its expectation for LSE to further engage with HKEX to analyse in detail of the transaction, saying it "continues to believe that the proposed combination ... represents a highly compelling strategic opportunity."

Read more:

http://www.globaltimes.cn/content/1164420.shtml