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 issued an update.
Hang Seng Bank Limited is undergoing a privatization proposal by the Hongkong and Shanghai Banking Corporation Limited, which is part of HSBC Asia Pacific, through a scheme of arrangement under the Companies Ordinance. The announcement details the dispatch of the Scheme Document, which includes the proposal’s specifics, expected timetable, and recommendations from the Hang Seng Bank Independent Board Committee. This move could significantly impact Hang Seng Bank’s market positioning and shareholder dynamics, as it involves the withdrawal of its shares from public listing.
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 major banking institution in Hong Kong, primarily offering financial services and banking products. It operates under the umbrella of HSBC Holdings and is a significant player in the Asia-Pacific financial market.
YTD Price Performance: 70.20%
Average Trading Volume: 3,387,563
Technical Sentiment Signal: Buy
Current Market Cap: HK$286.6B
See more data about 0011 stock on TipRanks’ Stock Analysis page.