Company: HBCYF
Filing Date: 2025-10-09
Form Type: 6-K
Source: 0001654954-25-011593
Chunk: 3

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-09
Form: 6-K
Chunk 3
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 Last Trading Day;

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a premium of approximately 25.5% to Hang Seng Bank’s 52-week high share price of HK$123.50 as of 28 July2025; and

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**a price which is more than the highest Hang Seng Bank share price of HK$154.00 as quoted on the Hong Kong Stock Exchange since March 2022.

HSBC Holdings and HSBC Asia Pacific believe that the Scheme Consideration represents a substantial premium to the market price of Hang Seng Bank Shares and reflects the potential value of the development of the business of Hang Seng Bank in the next few years and provides an opportunity for the Scheme Shareholders to realise their investments immediately.

(b) The Proposal respects Hang Seng Bank's heritage, brand and distinct culture whilst enhancing its customer proposition.

Hang Seng Bank was established in 1933 and is one of the largest domestic banks in Hong Kong, with a leading retail and commercial banking franchise. Hang Seng Bank’s heritage, brand and distinct culture is a competitive advantage. As such, post privatisation, Hang Seng Bank will retain its separate authorization as a licensed bank under the Hong Kong Banking Ordinance with its own governance, brand, distinct customer proposition and a branch network.

Beyond its economic impact, Hang Seng Bank is also deeply embedded in the local community. Hang Seng Bank is a major contributor to community initiatives, supporting education, environmental protection, arts, sports, and culture, which HSBC is committed to continuing supporting.

The privatisation will not change Hang Seng Bank’s customers' day-to-day interactions with Hang Seng Bank. They will retain their bank account details and relationship managers, where applicable. In addition, Hang Seng Bank’s customers will have the added benefit of greater access to HSBC’s full product suite and global network. Post privatisation, HSBC also intends to deploy technology investment across both brands at scale and in tandem, which will deliver efficiency and innovation for customers.

HSBC will continue to invest strategically in human capital in Hang Seng Bank. Hang Seng Bank’s staff will also have access to greater talent development with training and job opportunities available to HSBC staff.

In addition, Hang Seng Bank will have the benefit of HSBC’s global financial resources, capital management and market access.

(c) The Proposal represents a significant investment into Hong Kong, demonstrating HSBC’s long-term commitment to Hong Kong as a home market.

The privatisation exercise represents a significant investment into Hong Kong. It represents HSBC’s