HSBC Holdings (00005) fell more than 2%. As of the time of writing, the stock was down 2.67% to HK$123.8, with a turnover of HK$417 million.

In 2025, HSBC Holdings proposed to privatize Hang Seng Bank at HK$155 per share.

A court meeting and an extraordinary general meeting are scheduled to be held on January 8, 2026.

On October 9, 2025, HSBC Holdings and Hang Seng Bank announced that HSBC Asia Pacific, as the offeror, had requested the Hang Seng Bank Board to propose a privatization plan to the scheme shareholders, with the transaction valued at approximately HK$290.3 billion.

According to the announcement, the privatization will be implemented via a scheme of arrangement under Section 673 of the Companies Ordinance.

The privatization consideration has been set at HK$155 per share, representing a 30.3% premium to Hang Seng Bank's closing price of HK$119 per share on the previous trading day.