HSBC Holdings plc has disclosed that The Hongkong and Shanghai Banking Corporation Limited is moving forward with a proposal to privatize Hang Seng Bank Limited. The process will be carried out through a scheme of arrangement, resulting in the withdrawal of Hang Seng Bank shares from listing and the subsequent payment of scheme consideration to shareholders. Further details regarding the effective date of the scheme and the timeline for delisting and payment have been provided in the joint announcement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HSBC Holdings plc published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260126-12000789), on January 26, 2026, and is solely responsible for the information contained therein.
Comments