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Major Bank Ratings | UBS: Hang Seng Privatization Plan Approved by Shareholders' Meeting, Positive Impact on HSBC Holdings

Major Bank Ratings | UBS: Hang Seng Privatization Plan Approved by Shareholders' Meeting, Positive Impact on HSBC Holdings

格隆汇格隆汇2026/01/09 06:13
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By:格隆汇
Glonghui, January 9th|Hang Seng Bank has received a privatization proposal from HSBC Holdings, which has been approved at the special general meeting of Hang Seng Bank shareholders and the court meeting. Hang Seng Bank will be delisted on January 27th. UBS expects this will accelerate the transaction completion by 4 to 5 months. HSBC Holdings will provide more financial details when it announces its 2025 fiscal year results on February 25th. UBS has a more positive view of this transaction compared to the market, but the deal does not change HSBC Holdings' ultimate value. UBS maintains a "Neutral" rating and a target price of £10.35 for HSBC Holdings listed in London.
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