VALLETTA, Sept 12 (Bernama-Xinhua) -- HSBC Bank Malta on Wednesday announced that its parent company, HSBC Holdings plc, was undertaking a strategic review of its 70.03 per cent ownership stake in the bank, reported Xinhua.
This strategic review could potentially lead to significant changes, including the sale of HSBC Holdings' shares and changes to the status of the Maltese bank, according to local media reports.
Later in the day, local media reported that HSBC Bank Malta was in talks with another local bank, APS Bank, over a possible takeover.
The announcement led to ripples in the financial markets, leading to an 18 per cent drop in the HSBC Bank Malta share value on the Malta Stock Exchange.
-- BERNAMA-XINHUA
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