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Hang Seng Bank ( (HK:0011) ) just unveiled an announcement.
HSBC Asia Pacific has proposed the privatization of Hang Seng Bank through a scheme of arrangement, offering HK$155.00 in cash per share, with certain dividend adjustments. Despite the privatization move, HSBC intends to preserve Hang Seng Bank’s legacy and continue its community support, ensuring the bank retains its separate authorization and brand identity in Hong Kong.
The most recent analyst rating on (HK:0011) stock is a Hold with a HK$108.00 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 rooted in Hong Kong for nearly a century, offering a range of banking services. It operates under its own governance and brand, maintaining a distinct customer proposition and a branch network in Hong Kong.
Average Trading Volume: 2,397,693
Technical Sentiment Signal: Buy
Current Market Cap: HK$225.5B
Learn more about 0011 stock on TipRanks’ Stock Analysis page.