0011.HK Stock Today: January 8 – Shareholders OK HSBC Privatization
Hang Seng Bank privatization took a major step today as shareholders approved HSBC’s plan at a court meeting and EGM, a key signal for full ownership. The HSBC Hang Seng deal aims to keep the Hang Seng brand while seeking cost and funding gains. We look at price action in 0011.HK and 0005.HK, valuation, technicals, and upcoming catalysts. For HK investors, the Hang Seng shareholders vote frames the near-term trade and longer-term bank sector positioning.
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