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Hang Seng Bank ( (HK:0011) ) has provided an update.
Hang Seng Bank Limited has announced the cancellation of 2,800,000 shares as part of its Share Buy-back Programme, reducing the total number of issued shares to 1,872,937,536. This move is part of a broader strategy involving a proposal in collaboration with HSBC Holdings plc and The Hongkong and Shanghai Banking Corporation Limited, which may impact the bank’s market positioning and shareholder value. Stakeholders are advised to exercise caution as the proposal’s implementation is contingent upon certain conditions being met.
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 prominent financial institution based in Hong Kong, offering a range of banking and financial services. It operates primarily in the banking sector, focusing on providing comprehensive financial solutions to its clients.
Average Trading Volume: 3,713,866
Technical Sentiment Signal: Buy
Current Market Cap: HK$286B
See more data about 0011 stock on TipRanks’ Stock Analysis page.