New | Hang Seng Bank shares jump to 1-year high in Hong Kong

A branch of Hang Seng Bank, whose shares touched a 52-week high on Wednesday after brokers said the lender may pay a special dividend. Photo: May Tse

Hang Seng Bank, a subsidiary of HSBC, jumped on Wednesday to its highest level in 12 months after brokers said the Hong Kong lender may consider paying a special dividend of more than HK$10 dollar per share to investors.

Shares of Hang Seng Bank rose 2.8 per cent to a 52-week high of HK$155.7, following its decision on Tuesday of selling up to 4.99 per cent of its 5.87 per cent stake in the Shanghai-listed Industrial Bank for 16.8 billion yuan.

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