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Hang Seng Bank ( (HK:0011) ) has shared an announcement.
Hang Seng Bank Limited, in conjunction with HSBC Holdings and HSBC Asia Pacific, has announced a proposal for its privatization through a scheme of arrangement under section 673 of the Companies Ordinance. This move includes the proposed withdrawal of Hang Seng Bank shares from listing. The companies are preparing the necessary Scheme Document, which will be dispatched by December 17, 2025, and are seeking High Court directions for a meeting to approve the scheme. The proposal’s implementation is contingent upon satisfying all conditions, and stakeholders are advised to exercise caution in dealing with securities.
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 operates in the financial services industry, primarily offering banking and financial products and services. It is a subsidiary of HSBC Holdings plc and is listed on the Hong Kong Stock Exchange with stock codes 11 (HKD counter) and 80011 (RMB counter).
Average Trading Volume: 3,548,735
Technical Sentiment Signal: Buy
Current Market Cap: HK$284.7B
For an in-depth examination of 0011 stock, go to TipRanks’ Overview page.