HSBC on Thursday proposed to take Hong Kong-listed Hang Seng Bank private for HK$155 per share, valuing the lender at about HK$290 billion ($37 billion). ...

此前，汇丰控股发布公告称，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。公告披露，本次要约的计划对价为155港元/股， 计划对价溢价超30%。 上证报中国证券网讯（记者 何漪）10月9日，汇丰控股早盘跌超6%。截至10时44分，汇丰控股跌 6.24%，报103.1港元/股，总市值较9月30日蒸发1094.82亿港元。 来源：上海证券报·中国证券网 ...

Core Viewpoint - HSBC Holdings plans to privatize Hang Seng Bank and apply for the withdrawal of its listing status, offering a price per share at a premium of over 30% [1] Group 1: Company Actions - HSBC's privatization of Hang Seng Bank is seen as a proactive measure that should have been implemented earlier due to governance issues arising from both the parent and subsidiary being listed in Hong Kong [1] - The privatization will allow HSBC to continue serving the Hong Kong market under both the HSBC and Hang Seng brands [1] Group 2: Analyst Insights - Morningstar senior equity analyst Michael Makdad believes that while the privatization will require HSBC to pay a premium, it is not expected to have a positive impact on the fair value estimate [1] - Makdad anticipates that the move could lead to certain cost synergies for HSBC [1]

Core Viewpoint - HSBC Holdings plans to privatize Hang Seng Bank through an agreement, with a buyout price of HKD 155 per share, representing a 30% premium over the previous closing price [1] Group 1: Transaction Details - HSBC announced the privatization of Hang Seng Bank, intending to withdraw its listing status [1] - The proposed buyout price is set at HKD 155 per share, which is a 30% premium compared to Hang Seng Bank's last closing price [1] - HSBC has stated that the offered price will not be increased further [1] Group 2: Regulatory Response - The Hong Kong Monetary Authority (HKMA) acknowledged the plan and is in communication with the involved banks for regulatory approval [1] - HKMA emphasized that HSBC has indicated this transaction is a significant investment in Hong Kong [1] - Post-transaction, both HSBC and Hang Seng Bank will continue to operate as independent recognized financial institutions [1] Group 3: Market Implications - If completed, this transaction will mark a significant turning point for Hang Seng Bank in the Hong Kong capital market [1] - The deal is expected to further strengthen HSBC's business integration and development in Hong Kong and the Asia-Pacific region [1]

金管局强调，未来将继续与相关机构保持密切沟通，确保交易的顺利进行并维护香港金融市场的稳定。 此次交易若最终完成，将标志着恒生银行在香港资本市场的一个重要转折点，也将进一步强化汇丰控股 在香港及亚太地区的业务整合与发展。 10月9日，汇丰控股(00005)公布，计划以协议安排方式私有化恒生银行(00011)，并撤销恒生银行的上市 地位。根据汇控发布的声明，每股作价155港元，较恒生银行昨日收市价溢价30%。汇控还明确表示， 计划中的对价将不会进一步提高。 对此，香港金融管理局作出回应，表示已知悉有关计划，并且与相关银行保持沟通，按照既定的机制和 程序进行监管审批。金管局指出，汇丰控股已表明，此项交易是对香港的一项重大投资，交易完成后， 香港上海汇丰银行与恒生银行将继续作为两家独立的认可金融机构运营。 ...

Core Viewpoint - HSBC plans to take Hang Seng Bank private, valuing it at over HK$290 billion (over $37 billion), which has led to a significant increase in Hang Seng Bank's shares by 29.5% [1][2] Group 1: Privatization Proposal - HSBC has requested Hang Seng Bank's board to propose a privatization plan to shareholders under Hong Kong's Companies Ordinance [1] - The offer includes a cancellation of shares at HK$155 each, approximately 33% above the average share price of HK$116.5 over the past 30 days [2] Group 2: Strategic Intent - HSBC's Group Chief Executive, Georges Elhedery, emphasized the opportunity to grow both Hang Seng and HSBC while preserving Hang Seng's brand and investing in new strengths [3] - The deal reflects HSBC's confidence in Hong Kong as a global financial center and its role as a connector between international markets and mainland China [3] Group 3: Financial Implications - The deal values HSBC's stake in Hang Seng Bank at HK$106 billion, as HSBC owns around 63% of the bank [2] - The offer allows for adjustments based on any dividends declared after the announcement date, excluding Hang Seng's third interim dividend for 2025 [4] Group 4: Governance Perspective - Hang Seng Bank is a key regional unit for HSBC, with a significant presence in the Hong Kong banking sector [5] - Analysts view the move as positive for governance, addressing issues related to parent-subsidiary double listings [5]

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]

Core Viewpoint - HSBC Holdings experienced a significant decline in stock price, dropping over 5% in early trading, with a current price of HKD 103.9, reflecting a decrease of 6.06% [1] Group 1: Company Actions - HSBC and Hang Seng Bank jointly announced that HSBC Asia Pacific, as the offeror, 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, which represents a premium of approximately 30.3% over Hang Seng Bank's previous closing price of HKD 119.00 [1] Group 2: Market Reaction - The trading volume for HSBC Holdings reached HKD 1.002 billion, indicating significant market activity in response to the news [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 - 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]