Company: HBCYF
Filing Date: 2025-10-09
Form Type: 6-K
Source: 0001654954-25-011593
Chunk: 16

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-09
Form: 6-K
Chunk 16
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708,453 |                  1,795,196 | 1,692,094 |
| Total                                                              
 liabilities                                                        |                    1,650,971 | 1,542,086 |                  1,625,632 | 1,523,910 |
| Net                                                                
 assets                                                             |                      170,709 |   166,367 |                    169,564 |   168,184 |

#### VIII.
**HONG KONG LISTING RULES IMPLICATIONS FOR HSBC HOLDINGS

The Proposal constitutes a notifiable transaction of HSBC Holdings pursuant to Rule 14.06 of the Hong Kong Listing Rules. As one or more of the applicable percentage ratios (as set out under Rule 14.07 of the Hong Kong Listing Rules) exceeds 5% but are all less than 25%, the Proposal constitutes a discloseable transaction for HSBC Holdings which is subject to the reporting and announcement requirements, but is exempt from the shareholders' approval requirement under Chapter 14 of the Hong Kong Listing Rules.

It is expected that the Scheme Shareholders as at the Scheme Record Date will include certain connected persons of HSBC Holdings. Therefore, the payment of the Scheme Consideration to the Scheme Shareholders who are connected persons of HSBC Holdings will constitute a connected transaction of HSBC Holdings under the Hong Kong Listing Rules. However, based on the information available to HSBC Holdings, it is expected that the payment of the Scheme Consideration to connected persons of HSBC Holdings who are the Scheme Shareholders will constitute a fully exempt connected transaction of HSBC Holdings under Chapter 14A of the Hong Kong Listing Rules.

Having taken into account the objectives, the terms and conditions and the reasons for, and the benefits of, the Proposal, the HSBC Holdings Directors consider that: (a) the terms of the Proposal are fair and reasonable; and (b) the Proposal is in the interests of the HSBC Holdings Shareholders as a whole.**

#### IX.
**IMPLICATIONS UNDER THE UK LISTING RULES FOR HSBC HOLDINGS

HSBC Holdings is also listed on the London Stock Exchange and is subject to the applicable requirements of the UK Listing Rules. The Proposal does not constitute a "significant transaction" under the UK Listing Rules.**

#### X.
**INDEPENDENT BOARD COMMITTEE AND INDEPENDENT FINANCIAL ADVISER OF HANG SENG BANK

The Hang Seng Bank Board has formed the Hang Seng Bank IBC (comprising Cordelia Chung, Clement Kw