HSBC Holdings has secured shareholder approval to privatise Hang Seng Bank through a scheme of arrangement, with approximately 86% of disinterested votes cast in favour at court and general meetings. The vote satisfied all required approval thresholds under the Hong Kong Companies Ordinance and Hong Kong Takeovers Code.
Following the approval, a High Court sanction hearing was scheduled for January 23, 2026, with the scheme expected to become effective on January 26 and Hang Seng Bank’s delisting from the Hong Kong Stock Exchange anticipated for January 27. Upon completion, Hang Seng Bank will become a wholly-owned subsidiary of HSBC Asia Pacific and the broader HSBC Group, ending the bank’s status as a publicly traded entity.