What is HSBC's plan for Hang Seng Bank?

HSBC is moving forward with its proposal to privatize Hang Seng Bank, which may lead to its delisting from the stock exchange.

When will Hang Seng Bank shareholders get details on the privatization?

The Scheme Document containing details and a timetable is expected to be dispatched to shareholders on or before December 17, 2025.

What is a scheme of arrangement for Hang Seng Bank?

It's a legal process under the Companies Ordinance that requires shareholder approval for the proposed privatization and delisting of Hang Seng Bank shares.

Home / Business and Economy / HSBC Pursues Hang Seng Privatisation

HSBC Pursues Hang Seng Privatisation

28 Nov

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Summary

HSBC is moving forward with privatizing Hang Seng Bank.
A Scheme Document detailing the proposal will be shared soon.
Shareholders will vote on the proposed privatization.

HSBC Holdings and its subsidiary HSBC Asia Pacific have announced significant progress in their plan to privatize Hang Seng Bank. This initiative, initially revealed on October 9, 2025, is moving towards its crucial stages with the finalization of essential documents.

The companies are currently preparing the Scheme Document, which is slated for dispatch to Hang Seng Bank shareholders by December 17, 2025. This document will provide a comprehensive overview, including a detailed timetable for the entire privatization process. A hearing at the High Court is also anticipated to secure directions for a shareholder meeting where the scheme will be deliberated.

Should the privatization proceed successfully, Hang Seng Bank's shares will be withdrawn from listing on the Hong Kong Stock Exchange. HSBC has advised caution to investors regarding dealings in both HSBC Holdings and Hang Seng Bank securities until all conditions are met or waived.