On 1 December 2025, Hang Seng Bank Limited published a public disclosure form regarding share dealings related to its proposed privatisation by way of a scheme of arrangement. The disclosure was filed under Rule 22 of the Hong Kong Code on Takeovers and Mergers and detailed transactions conducted on 28 November 2025 by Hang Seng Investment Management Limited, an entity ultimately owned by HSBC Holdings PLC.
According to the filing, Hang Seng Investment Management Limited executed a series of sales and purchases of Hang Seng Bank Limited’s shares at prices around HKD152.20 each. The transactions resulted in a final holding of 11,043,434 shares, equivalent to approximately 0.5896% of the total class.
The announcement noted that these dealings were for discretionary investment clients’ accounts and classified Hang Seng Investment Management Limited as a person acting in concert by virtue of class (1) of the relevant definition. No information outside the transactions themselves was provided in the disclosure.
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