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BUZZ-Hang Seng Bank touches near 10-week high on board's nod on HSBC buyout bid

Reuters
2025/12/15
BUZZ-<a href="https://laohu8.com/S/00011">Hang Seng Bank</a> touches near 10-week high on board's nod on <a href="https://laohu8.com/S/HSBC">HSBC</a> buyout bid

** Shares of Hang Seng Bank 0011.HK climb 0.5% to HK$153.70, their highest level since October 9, and on course for the fifth consecutive session of gains

** Stock on track for the biggest one-day pct gain since Oct 15

** Hang Seng Bank said on Monday an independent board committee found HSBC's HSBA.L $13.6 billion take-private offer to be fair and reasonable, and recommended its minority investors vote in favour of the proposal

** Under the offer, HSBC is proposing to purchase 36.5% of shares in Hang Seng not already owned by the company

** HSBC Hong Kong shares 0005.HK slip 1.1%

** YTD, Hang Seng Bank stock up 60.7%, HSBC Hong Kong shares up 53%, Hang Seng Finance Index .HSNF up 36.8%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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