Core Viewpoint - HSBC Holdings plans to take Hang Seng Bank private, valuing the lender at $37 billion, which indicates a strategic move to increase its exposure to Hong Kong as the region seeks to recover from economic challenges [1] Group 1: Company Strategy - The deal to take Hang Seng Bank private reflects HSBC's commitment to strengthening its presence in Hong Kong [1] - HSBC Group Chief Executive Georges Elhedery discussed the implications of this move in an exclusive interview on Bloomberg's The China Show [1] Group 2: Market Context - The transaction occurs as Hong Kong is attempting to bounce back from years of economic turbulence, highlighting the potential for recovery in the financial hub [1]

智通财经APP获悉，汇丰控股(00005)早盘跌超5%，截至发稿，跌6.06%，报103.9港元，成交额10.02亿 港元。 消息面上，汇丰控股及恒生银行联合公布，汇丰亚太作为要约人，已要求恒生银行董事会向计划股东提 呈建议，根据公司条例第673条以协议安排方式将恒生银行私有化。倘若计划生效，计划股份将予以注 销，以换取计划对价，即持有每股计划股份可获现金港币155.00元，计划对价相当于较恒生银行上一日 收盘价每股119.00港元溢价约30.3%。 ...

Core Viewpoint - The Hong Kong stock market showed a positive opening after three consecutive days of decline, with major indices experiencing gains, particularly in technology and local banking sectors [1] Group 1: Market Performance - The Hang Seng Index rose by 0.12%, the Hang Seng China Enterprises Index increased by 0.35%, and the Hang Seng Tech Index gained 0.41% [1] - Major technology stocks collectively saw an increase, with Meituan and JD.com rising by 1%, while Alibaba, NetEase, Xiaomi, Baidu, and Kuaishou also reported gains [1] - Local banking stocks surged, with HSBC Asia Pacific planning to privatize, leading to a nearly 15% increase in Hang Seng Bank's shares [1] Group 2: Sector Movements - International gold prices surpassed $4,000 for the first time, driving up gold-related stocks, with China Gold International rising by 3.3% [1] - Other sectors such as property management, paper, lithium battery, and domestic real estate stocks mostly experienced gains [1] - Conversely, gas stocks faced significant declines, with Dazhong Public Utilities dropping over 11%, and sectors like solar energy, biomedicine, electric power, and semiconductor stocks mostly fell [1]

倘若计划生效，计划股份将予以注销，以换取计划对价，即持有每股计划股份可获现金155.00港币。公 告称，汇丰十分尊重恒生银行的独特地位，计划继续透过汇丰及恒生银行两大品牌，服务香港市场。因 此，恒生银行将保留其根据香港银行业条例所独立获授的持牌银行认可，并维持独立的企业管治、品牌 形象、独特的市场定位，以及分行网络。 恒生银行(0011.HK)跳空高开14.96%，报136.8港元，股价创2022年2月以来新高。消息面上，恒生银行 在港交所公告，汇丰亚太作为要约人，已要求恒生银行董事会向计划股东提呈建议，根据公司条例第 673条以协议安排方式将恒生银行私有化。 ...

智通财经APP获悉，恒生银行(00011)高开近15%，截至发稿，涨14.96%，报136.8港元，成交额4450.1万 港元。 消息面上，恒生银行今早发布公告称，汇丰亚太作为要约人，已要求恒生银行董事会向计划股东提呈建 议，根据公司条例第673条以协议安排方式将恒生银行私有化。据该建议，若协议安排获批准并生效， 恒生的计划股份将被注销，其股东可就每股计划股份收取现金155港元(须扣除股息调整金额，如有)。 恒生确认，2025年第三次中期股息将如期派发予股东，且不会从上述计划对价中扣除。然而，于该公告 日期后宣派、且记录日期在计划生效日期前的所有其他股息，将从每股对价中相应扣除。 在接获建议后，恒生董事会已即时成立独立董事委员会，由五位无利害关系的独立非执行董事组成，负 责审议该建议的条款是否属公平及合理，并向股东提供推荐建议。董事会将于获独立董事委员会批准 后，委任独立财务顾问，就该建议向独立董事委员会提供专业意见。该建议仍须符合若干先决条件，包 括但不限于恒生法院会议及股东大会上获批准，以及获香港高等法院批准该协议安排。 ...

| 旭日企业(00393) | 8000.00 | 1.05 万 | 108.00 | 万 | 0.072% | | --- | --- | --- | --- | --- | --- | | 天福(06868) | 3000.00 | 9120.00 | 49.70 | 万 | 0.046% | 智通财经APP获悉，中国恒有源集团(08128)、石四药集团(02005)、蒙牛乳业(02319)、永安国际 (00289)、信利国际(00732)、IGG(00799)、VITASOY INT'L(00345)、希玛眼科(03309)、腾讯控股 (00700)、旭日企业(00393)、恒生银行(00011)、九毛九(09922)、首佳科技(00103)、创新奇智(02121)、联 易融科技-W(09959)、天福(06868)、百宏实业(02299)、骏杰集团控股(08188)、固生堂(02273)、力鸿检 验(01586)、安东油田服务(03337)、明源云(00909)、小米集团-W(01810)、美亨实业(01897)、永达汽车 (03669)、归创通桥-B(02190)、绿城管理控股(09979)、心玮医 ...

Core Viewpoint - HSBC Holdings and Hang Seng Bank have announced a proposal for the privatization of Hang Seng Bank, with HSBC Asia Pacific acting as the offeror [1] Group 1 - HSBC Asia Pacific has requested the Hang Seng Bank board to present a proposal to shareholders for privatization under Section 673 of the Companies Ordinance [1] - If the plan is approved, the shares will be canceled in exchange for a cash consideration of HKD 155.00 per share, subject to any dividend adjustments [1]

Core Points - HSBC has requested the board of Hang Seng Bank to submit a privatization proposal to shareholders under Hong Kong's Companies Ordinance [1] - The proposed offer values Hang Seng Bank at approximately HKD 290.74 billion (around USD 37.36 billion), with a cash payment of HKD 155 (approximately USD 19.78) per share [1] - The offer may be adjusted based on any dividends announced after the date of the announcement, excluding the third interim dividend for 2025 [1] - This acquisition is a strategic move to strengthen HSBC's influence and operations in the Hong Kong banking sector [1] - HSBC stated that the offer is final and does not reserve the right to amend the offer [1]

Group 1 - HSBC Holdings and Hang Seng Bank announced a proposal for the privatization of Hang Seng Bank, with HSBC Asia as the offeror [1] - The proposed cash consideration for each share is HKD 155.00, representing a premium of approximately 30.3% over the closing price of HKD 119.00 on October 8 [1] - Shareholders will receive an interim dividend for the third quarter of 2025, which will not be deducted from the proposed cash consideration [1] Group 2 - Hang Seng Bank has a long-standing presence in Hong Kong, and HSBC respects its unique position while planning to maintain its independent brand and governance [2] - HSBC aims to strengthen collaboration between HSBC Asia and Hang Seng Bank to enhance operational efficiency and leverage complementary strengths [2] - The strategy includes continued investment in talent development and technological innovation for both banks [2]

Core Viewpoint - HSBC Holdings and Hang Seng Bank have announced a proposal for the privatization of Hang Seng Bank, with a cash offer of HKD 155.00 per share, representing a premium of approximately 30.3% over the last closing price of HKD 119.00 [1][2] Group 1: Privatization Proposal - HSBC Asia Pacific, as the offeror, has requested the Hang Seng Bank board to present the proposal to shareholders for privatization under Section 673 of the Companies Ordinance [1] - The proposed cash consideration will be paid to shareholders for all issued shares of Hang Seng Bank, excluding certain shares held by HSBC Asia Pacific [1][2] - Shareholders will receive an interim dividend for the third quarter of 2025, which will not be deducted from the proposed cash consideration [1] Group 2: Financial Implications - HSBC Asia Pacific will utilize internal resources to pay the proposed cash consideration to shareholders, with BofA Securities and Goldman Sachs confirming sufficient financial resources for this payment [3] - The proposal is expected to enhance earnings per share by eliminating non-controlling interest deductions from Hang Seng Bank's profits [3] - HSBC aims to maintain a dividend payout ratio of 50% of earnings per share, excluding significant items, and anticipates a capital impact of approximately 125 basis points upon completion of the proposal [3]