On 13 November 2025, a public disclosure was made regarding a proposed privatisation of Hang Seng Bank Limited by way of a scheme of arrangement under the Hong Kong Code on Takeovers and Mergers. The Executive received information about share transactions carried out on 12 November 2025 by Hang Seng Investment Management Limited, which is classified as a Class (1) associate connected with the Offeree company.
Hang Seng Investment Management Limited executed both sales and purchases at HK$151.70 per share throughout the trading day. After these transactions, the final recorded balance stood at 11,265,718 shares, representing approximately 0.6015% of the total class. These dealings were made for the account of discretionary investment clients.
Hang Seng Investment Management Limited is ultimately owned by HSBC Holding PLC.