Ge Long Hui A P P·2025-10-09 02:48Core 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]