Hang Seng Bank's shares surged by 41% after HSBC announced a proposal to take the bank private at HK$155 per share, representing a 30.25% premium over its last closing price. The announcement led to a significant increase in Hang Seng's stock value during early trading. Conversely, HSBC's shares experienced a decline, dropping 6.33% following the news.
Hang Seng Bank Shares Soar 41% Following HSBC's Privatization Proposal
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