On 3 December 2025, an announcement was issued regarding the proposed privatisation of Hang Seng Bank Limited by way of a scheme of arrangement. The Executive received disclosures under Rule 22 of the Hong Kong Code on Takeovers and Mergers showing multiple share purchases and sales by Hang Seng Investment Management Limited on 2 December 2025 at a price of HK$152.50 each.
Following the disclosed transactions, the resultant balance of Hang Seng Investment Management Limited’s shareholding in Hang Seng Bank Limited changed several times, ultimately reaching 11,121,347 shares, representing approximately 0.5938% of the bank’s issued share capital. Hang Seng Investment Management Limited is classified as a Class (1) associate acting in concert with the offeree company and is ultimately owned by HSBC Holdings PLC. According to the announcement, the reported dealings were carried out on behalf of discretionary investment clients.
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