HSBC Holdings has obtained court approval for a scheme of arrangement with Hang Seng Bank, after the High Court approved the proposal on 23 January 2026, the group said in a joint statement with HSBC Asia Pacific.
The court’s approval completes a key procedural requirement needed to move forward with the scheme, which includes a capital reduction as part of the privatisation process. Subject to the remaining conditions outlined in the announcement being met, the scheme is expected to take effect on 26 January 2026.
Once the scheme becomes effective, Hang Seng Bank shares are expected to be withdrawn from trading on the Hong Kong Stock Exchange at 4:00 p.m. on 27 January 2026. The companies noted that the timetable remains dependent on the scheme proceeding as scheduled.
The joint statement added that the capital reduction is part of the technical steps required for privatisation and is not expected to materially impact consolidated earnings per share or net tangible assets per share for the financial year ending 31 December 2026.
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