Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Hang Seng Bank ( (HK:0011) ) has shared an announcement.
Hang Seng Bank Limited has announced a general meeting to discuss and potentially approve a scheme of arrangement that involves the reduction and subsequent restoration of its share capital. The scheme, if approved, will lead to the privatization of Hang Seng Bank by HSBC Asia Pacific and the withdrawal of its shares from the Hong Kong Stock Exchange. This move is significant as it represents a strategic shift in the bank’s operations and could have implications for its stakeholders, including shareholders and the broader financial market.
The most recent analyst rating on (HK:0011) stock is a Buy with a HK$98.70 price target. To see the full list of analyst forecasts on Hang Seng Bank stock, see the HK:0011 Stock Forecast page.
More about Hang Seng Bank
Hang Seng Bank Limited is a financial institution incorporated in Hong Kong, primarily engaged in banking services. It operates within the financial services industry, focusing on providing banking solutions and financial products to its customers in Hong Kong and beyond.
YTD Price Performance: 70.20%
Average Trading Volume: 3,387,563
Technical Sentiment Signal: Buy
Current Market Cap: HK$286.6B
Find detailed analytics on 0011 stock on TipRanks’ Stock Analysis page.