HSBC Proposes Privatisation of Hang Seng Bank with HK$106 Billion Offer

"Slaughter and May is advising Hang Seng Bank on a proposed privatization by HSBC Asia Pacific, announced on October 9, 2025. The plan involves a scheme of arrangement under the Companies Ordinance, offering HK$155 in cash per share, which represents a 30.3% premium over the last trading price. The total valuation for Hang Seng Bank is approximately HK$290 billion (US$37.2 billion). Hang Seng Bank, a leading domestic bank in Hong Kong, serves nearly 4 million customers and is involved in various financial services, while HSBC Asia Pacific is a wholly-owned subsidiary of HSBC Holdings, a major global banking organization."

Slaughter and May is advising Hang Seng Bank Limited in relation to its proposed privatisation by The Hongkong and Shanghai Banking Corporation Limited (HSBC Asia Pacific). The privatisation is set to be implemented through a scheme of arrangement under Section 673 of the Companies Ordinance. The proposal, announced on 9 October 2025, offers HK$155 in cash for each scheme share, representing a premium of approximately 30.3% over the closing price of HK$119 per share on 8 October 2025. The total consideration amounts to HK$106 billion (approximately US$13.6 billion), valuing Hang Seng Bank's entire issued share capital at approximately HK$290 billion (around US$37.2 billion). The legal team from Slaughter and May involved in this transaction includes: - David Watkins, Partner - Lisa Chung, Partner - Vincent Chan, Partner - Christine Yu, Counsel - Shirley Choi, Associate - Adrian Chan, Associate - Kevin Tso, Associate - Clement Kwok, Associate - Vicky Chiu, Associate - Cyrus Lo, Associate - Anson Chan, Trainee

HSBC Proposes Privatisation of Hang Seng Bank with HK$106 Billion Offer

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