HSBC stock in focus: Hang Seng Bank buyout clears vote, Hong Kong court date looms
HSBC shares slipped 0.1% to 1,194.2 pence in London after Hang Seng Bank shareholders approved HSBC’s plan to buy the remaining 36.5% stake. The deal, which would take Hang Seng private, now awaits a Hong Kong court hearing on Jan. 23. HSBC’s stock closed just below its 52-week high. Investors are watching for the court decision and HSBC’s earnings on Feb. 25.
