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<Research>UBS: Privatization Plan for HSB Approved by Shareholders' Meeting Has Positive Impact on HSBC
Recommend 20 Positive 31 Negative 12 |
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HANG SENG BANK (00011.HK) was approved by the Hang Seng Bank Court Meeting and Hang Seng Bank General Meeting for the privatization proposal from HSBC HOLDINGS (00005.HK), and will be delisted on January 27. UBS expected this will advance the transaction completion by 4-5 months. HSBC HOLDINGS will provide more financial details when it announces its 2025 results on February 25. UBS was more positive on this deal than the market, but it did not alter the ultimate value of HSBC HOLDINGS. UBS maintained a Neutral rating and a target price of GBP10.35 for HSBC (HSBA.L) listed in London. AASTOCKS Financial News Website: www.aastocks.com |
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