HSBC proposes to privatise Hang Seng Bank by scheme of arrangement

Reinforces HSBC’s strategic priorities and long-term investment in Hong Kong Preserves Hang Seng’s brand, heritage, and distinct customer proposition The Proposal includes an offer of HK$155 for each Scheme Share, representing a 33% premium over the undisturbed 30-days average closing price of HK$116.5 per share. HK$106 billion privatisation offer values…