HSBC's proposal to take Hang Seng private in a £10bn deal has been approved by an independent board committee, paving the way for shares in the Hong Kong lender to be delisted late next month.

Dec 15 : Hong Kong's Hang Seng Bank said on Monday an independent board committee found HSBC's $13.6 billion take-private offer to be fair and reasonable, and recommended its minority investors vote in favour of the proposal.Under the offer, HSBC is proposing to purchase 36.5 per cent of shares in Hang Seng n