Simplify the following text for a Grade 9 native English-speaking person.
Original: Until recently , MTR stations only had branches of the Hang Seng Bank and Maxim 's Cakes stores , owned by Jardine Matheson , and a handful of other shops .
Simplified: Prior to the privatisation of MTRC , MTR stations only had branches of the Hang Seng Bank , and Maxim 's Cakes stores , and a handful of other shops .