Hang Seng (11 HK): 8th Jan Vote On HSBC's Offer. Clean Deal.
Back on the 9th October, Hang Seng Bank (11 HK) announced an Offer from controlling parent, HSBC Holdings (5 HK), by way of a Scheme.
HSBC offered HK$155/share, a 30.3% premium to last close. The price was final. A third interim dividend was bolted on. Optically - and fundamentally - the price was bang on.
The Scheme Doc is now out, with the Court Meeting on the 8th January 2026. Payment around 4th Feb. The IFA, in a bare-bones report, concluded “fair & reasonable”.
The Trade:
Safe deal. This is effectively a term deposit hybrid.
If not in, this is one to pick up on a (unlikely) wobble.
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