Hang Seng Bank Limited (0011) released an update on 2 December 2025 regarding the privatisation by way of a scheme of arrangement. The announcement outlines share transactions undertaken by Hang Seng Investment Management Limited on 1 December 2025 in accordance with Rule 22 of the Hong Kong Code on Takeovers and Mergers.
Hang Seng Investment Management Limited, an associate connected with the offeree company, reported multiple purchases and sales of Hang Seng Bank Limited shares at HKD152.40 each. Following these transactions, the resultant balance stood at 11,081,999 shares, representing approximately 0.5917% of the relevant share class. These dealings were made on behalf of discretionary investment clients, and Hang Seng Investment Management Limited is ultimately owned by HSBC Holdings PLC.
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