HSBC Holdings plc (Hong Kong Stock Code: 5), The Hongkong and Shanghai Banking Corporation Limited (“HSBC Asia Pacific”), and Hang Seng Bank Limited (Stock Codes: 11 and 80011) have jointly announced an updated timeline for the proposed privatisation of Hang Seng Bank by way of a scheme of arrangement under section 673 of the Companies Ordinance. According to the joint announcement dated 30 October 2025, the expected dispatch date for the scheme document, originally set for 30 October 2025 under Rule 8.2 of the Hong Kong Code on Takeovers and Mergers, has been extended with the Executive’s consent to 17 December 2025.

Preparations for the scheme document, including relevant advice and recommendations, require additional time and will also involve procedures by the High Court. Subject to fulfillment or waiver of all conditions, the proposed transaction is currently projected to be completed within the first quarter of 2026. The announcement also advises shareholders and potential investors to exercise caution when dealing in any securities of HSBC Holdings and Hang Seng Bank, given that the proposal’s implementation is contingent on satisfaction of the stipulated conditions by the designated long stop date.