Business
Privatisation of Hang Seng Bank - Scheme Document
HSBC Holdings plc announced the despatch of the Scheme Document regarding the proposed privatisation of Hang Seng Bank Limited by The Hongkong and Shanghai Banking Corporation Limited via a scheme of arrangement. The Scheme Document, along with notices for the Hang Seng Bank Court Meeting and General Meeting scheduled for January 8, 2026, will be sent to Hang Seng Bank Shareholders on December 15, 2025. The independent financial adviser and the Hang Seng Bank Independent Board Committee both recommend that disinterested shareholders vote in favour of the proposal, with the expected withdrawal of Hang Seng Bank shares from the Hong Kong Stock Exchange on January 27, 2026, assuming all conditions are met. Disclaimer*
About this update from Hsbc Holdings Plc
[{"type":"text","content":"\n\nHong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.\n \nThis announcement is for information purposes only and does not constitute, or form part of, any invitation or offer to acquire, purchase or subscribe for any securities of HSBC Holdings, HSBC Asia Pacific or Hang Seng Bank, nor is it an invitation or offer to or a solicitation of any offer to acquire, purchase or subscribe for securities of HSBC Holdings, HSBC Asia Pacific or Hang Seng Bank, or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities of HSBC Holdings, HSBC Asia Pacific or Hang Seng Bank in any jurisdiction in contravention of applicable law. This announcement is not for release, publication or distribution, in whole or in part, in or into or from any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.\n \n \n\n\n\n\nHSBC Holdings plc\n(Hong Kong Stock Code: 5)\n \n\n\nHang Seng Bank Limited\n(Stock Codes: 11 (HKD Counter) and\n80011 (RMB Counter))\n \n\n\n\n\nThe Hongkong and Shanghai Banking Corporation Limited\n\n\n \n\n\n\n\n \n \n\nJOINT ANNOUNCEMENT\n \n(1) PROPOSAL FOR THE PRIVATISATION OF HANG SENG BANK LIMITED BY THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED\nBY WAY OF A SCHEME OF ARRANGEMENT\nUNDER SECTION 673 OF THE COMPANIES ORDINANCE AND\n(2) PROPOSED WITHDRAWAL OF LISTING OF HANG SENG BANK SHARES DESPATCH OF THE SCHEME DOCUMENT\n\n\n\n\n\nJoint Financial Advisers to HSBC Holdings and HSBC Asia Pacific (in alphabetical order)\n\n\nFinancial Adviser to Hang Seng Bank\n\n\n\n\n \nBofA Securities Goldman Sachs\n\n\n \nMorgan Stanley\n\n\n\n\n \n \nFinancial Adviser to HSBC Asia Pacific\n\n\n \nIndependent Financial Adviser to the Hang Seng Bank IBC\n\n\n\n\n \nThe Hongkong and Shanghai Banking Corporation Limited\n \n\n\n \nSomerley Capital Limited\n \n\n\n\n\n\n\n\n...