Xin Lang Cai Jing·2025-10-13 03:35Core Viewpoint - HSBC Holdings announced a cash acquisition of 680 million shares of Hang Seng Bank at a price of HKD 155 per share, totaling HKD 106 billion (approximately USD 13.6 billion), increasing its stake in Hang Seng from 63% to 100% [1] Group 1: Acquisition Details - The acquisition requires approval from 75% of Hang Seng's minority shareholders, with less than 10% opposing for it to proceed [1] - If the process goes smoothly, the company expects to complete the privatization by mid-2026 [1] Group 2: Analyst Ratings and Projections - CICC has given HSBC Holdings an "outperform" rating with a target price of HKD 111.9 [1] - Short-term concerns include a decline in dividend and buyback returns potentially affecting HSBC's stock performance [1] - Long-term focus will be on whether the acquisition can sustainably enhance earnings per share and the recovery of buybacks in three quarters [1]