Business
Privatisation of HangSengBank- Results of Meetings
HSBC Holdings plc announces that the court meeting and general meeting for the proposed privatisation of Hang Seng Bank Limited by The Hongkong and Shanghai Banking Corporation Limited have both passed their respective resolutions. The resolution to approve the Scheme was passed with approximately 85.75% of votes in favour at the court meeting, and a special resolution to approve the Proposal and Scheme was passed with 97.30% of votes in favour at the general meeting. Consequently, the listing of Hang Seng Bank shares on the Hong Kong Stock Exchange is expected to be withdrawn on January 27, 2026, with the Scheme expected to become effective on January 26, 2026. 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 \nThe Hongkong and Shanghai Banking Corporation Limited\n\n\n \nHang Seng Bank Limited\n(Stock Codes: 11 (HKD Counter) and 80011 (RMB Counter))\n\n\n\n\n \nJOINT ANNOUNCEMENT\n \n(1) PROPOSAL FOR THE PRIVATISATION OF HANG SENG BANK LIMITED\nBY THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED\nBY WAY OF A SCHEME OF ARRANGEMENT\nUNDER SECTION 673 OF THE COMPANIES ORDINANCE\n \n(2) PROPOSED WITHDRAWAL OF LISTING OF HANG SENG BANK SHARES\n \n(3) RESULTS OF THE HANG SENG BANK COURT MEETING AND\nTHE HANG SENG BANK GENERAL MEETING\n \nAND\n \n(4) CLOSURE OF REGIST...