Company: HBCYF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001654954-25-012349
Chunk: 1

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-30
Form: 6-K
Chunk 1
---
 Holdings and HSBC Asia 
 Pacific                                                 
 (in alphabetical order)                                 
 BofA                                                    
 Securities                                              
 Goldman Sachs                                           | Financial Adviser to Hang Seng Bank 
 Morgan Stanley                      |
| Financial Adviser to HSBC Asia Pacific                  
 The Hongkong and Shanghai Banking Corporation Limited   |                                     |

**Reference is made to the joint announcement dated 9 October 2025 jointly issued by HSBC Holdings plc (" HSBC Holdings "), The Hongkong and Shanghai Banking Corporation Limited (" HSBC Asia Pacific ") and Hang Seng Bank Limited (" Hang Seng Bank ") pursuant to Rule 3.5 of the Hong Kong Code on Takeovers and Mergers (the " Takeovers Code ") regarding, among others, the proposal for the privatisation of Hang Seng Bank by HSBC Asia Pacific by way of a scheme of arrangement under section 673 of the Companies Ordinance (the " Rule 3.5 Announcement "). Unless otherwise defined herein, capitalised terms used herein shall have the same meanings as those defined in the Rule 3.5 Announcement.

UPDATE ON TIMELINE FOR DESPATCH OF SCHEME DOCUMENT

Pursuant to Rule 8.2 of the Takeovers Code, HSBC Asia Pacific and Hang Seng Bank are required to despatch the Scheme Document to the Hang Seng Bank Shareholders within 21 days after the date of the Rule 3.5 Announcement (in this case, on or before 30 October 2025), unless the Executive's consent is otherwise obtained.

As mentioned in the Rule 3.5 Announcement and given the time required for (i) the preparation of the information to be contained in the Scheme Document, including the letter of advice from the Hang Seng Bank IFA and the recommendation of the Hang Seng Bank IBC; and (ii) the procedures of the High Court in respect of the Scheme, an application has been made to the Executive pursuant to Rule 8.2 of the Takeovers Code for, and the Executive has granted consent to, an extension of the latest date for despatch of the Scheme Document from 30 October 2025 to 17 December 2025.

A detailed timetable for the Proposal will be set out in the Scheme Document and in the announcement to be jointly issued by HSBC Holdings, HSBC Asia Pacific and Hang Seng Bank upon despatch of the Scheme Document. On the basis that the Scheme Document is despatched on or before 17 December 2025, subject to the satisfaction (or