Core Viewpoint - HSBC Holdings and Hang Seng Bank have announced the privatization of Hang Seng Bank, which will lead to the delisting of its shares from the Hong Kong Stock Exchange by January 27, 2026 [2][3]. Group 1: Privatization Details - The proposal for privatization was approved by 85.75% of the voting rights at the court meeting and 97.30% at the shareholders' meeting [2]. - The expected last trading date for Hang Seng Bank shares on the Hong Kong Stock Exchange is January 14, 2026, with the delisting effective from January 27, 2026 [2]. - Share transfer registration will be suspended starting January 20, 2026, until the plan becomes binding [2]. Group 2: Historical Context - HSBC acquired a controlling stake in Hang Seng Bank in 1965 during a liquidity crisis, initially purchasing 51% for HKD 51 million [3]. - Hang Seng Bank was listed on the Hong Kong Stock Exchange in June 1972 [3]. Group 3: Financial Performance and Strategic Considerations - Hang Seng Bank reported a non-performing loan ratio of 6.69% for the first half of 2025, an increase of 1.37 percentage points from the same period in 2024 [4]. - HSBC clarified that the decision to privatize is based on strategic considerations and not directly related to the bank's bad debt situation [4]. Group 4: Future Outlook - HSBC plans to maintain Hang Seng Bank's identity as an independent licensed bank and uphold its corporate governance and brand image post-privatization [5]. - Hang Seng Bank will be removed from various indices, including the Hang Seng Index, effective January 15, 2026 [5][6].
恒生银行 “告别”恒生指数