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[6-K] HSBC HOLDINGS PLC Current Report (Foreign Issuer)

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HSBC Holdings filed a joint update on the proposal to privatise Hang Seng Bank via a scheme of arrangement under section 673 of the Companies Ordinance. With the Executive’s consent under Rule 8.2 of the Takeovers Code, the latest date to despatch the Scheme Document has been extended from 30 October 2025 to 17 December 2025.

A detailed timetable will be set out in the Scheme Document and a joint announcement upon despatch. On the basis that despatch occurs on or before 17 December 2025, and subject to the satisfaction (or, if applicable, waiver) of the Conditions, the proposal is currently expected to complete within the first quarter of 2026.

The update reiterates the standard caution that the proposal will only proceed if all Conditions are met or waived by the Conditions Long Stop Date, and advises care when dealing in the securities of HSBC Holdings and Hang Seng Bank.

HSBC Holdings ha presentato un aggiornamento congiunto sulla proposta di privatizzazione di Hang Seng Bank mediante uno schema di accordo ai sensi della sezione 673 dell'Ordinanza sulle società. Con il consenso dell'Esecutivo ai sensi della Regola 8.2 del Takeovers Code, la data più recente per inviare il Scheme Document è stata estesa dal 30 ottobre 2025 al 17 dicembre 2025.

Un calendario dettagliato sarà indicato nel Scheme Document e sarà annunciato congiuntamente al momento della spedizione. Nella misura in cui la spedizione avvenga entro il 17 dicembre 2025 e, soggetta alla soddisfazione (o, se applicabile, al rinvio) delle Condizioni, la proposta è attualmente prevista per essere completata nel primo trimestre del 2026.

L'aggiornamento ribadisce l'avvertenza standard secondo cui la proposta procederà solo se tutte le Condizioni sono soddisfatte o se ne concede il waivers entro la Data Limite delle Condizioni, e consiglia di prestare attenzione nel trattare le azioni di HSBC Holdings e Hang Seng Bank.

HSBC Holdings presentó una actualización conjunta sobre la propuesta de privatizar Hang Seng Bank mediante un plan de acuerdo conforme a la sección 673 de la Ordenanza de Sociedades. Con el consentimiento de la Ejecutiva bajo la Regla 8.2 del Código de Adquisiciones, la fecha límite para remitir el Documento del Plan se ha ampliado desde el 30 de octubre de 2025 hasta el 17 de diciembre de 2025.

Se detallará un calendario en el Documento del Plan y se comunicará conjuntamente al enviarlo. En la medida en que el envío se realice no más tarde del 17 de diciembre de 2025, y sujeto a la satisfacción (o, si corresponde, la renuncia) de las Condiciones, la propuesta se espera que se complete en el primer trimestre de 2026.

La actualización reitera la advertencia estándar de que la propuesta solo avanzará si todas las Condiciones se cumplen o se renuncian antes de la Fecha Límite de Condiciones, y aconseja precaución al tratar con valores de HSBC Holdings y Hang Seng Bank.

HSBC HoldingsHang Seng Bank를 제도합의(scheme of arrangement) 하에 민영화하려는 제안에 대해 회사 규정 제673조에 따른 공동 업데이트를 제출했습니다. Takeovers Code의 Rule 8.2에 따른 실행위원회의 동의로 Scheme Document를 송달하는 최종일이 2025년 10월 30일에서 2025년 12월 17일로 연장되었습니다.

Scheme Document에 상세한 일정이 기재되고 발송 시점에 공동 발표가 있을 예정입니다. 발송이 2025년 12월 17일 이전에 이루어지고, 조건의 충족(또는 해당되는 경우 면제)의 조건이 충족되면 제안은 2026년 1분기 내에 완료될 것으로 현재 예상됩니다.

업데이트는 모든 조건이 조건 종합마감일에 충족되거나 면제될 때만 제안이 진행될 것이라는 일반적인 주의를 재확인하며, HSBC Holdings와 Hang Seng Bank의 증권 거래에 주의하라고 조언합니다.

HSBC Holdings a déposé une mise à jour commune sur la proposition de privatisation de Hang Seng Bank par le biais d'un schéma d'accord en vertu de l'article 673 de l'Ordonnance sur les sociétés. Avec le consentement de l'Executive en vertu de la Règle 8.2 du Code des OPA, la date limite d'envoi du Scheme Document a été prorogée du 30 octobre 2025 au 17 décembre 2025.

Un calendrier détaillé sera indiqué dans le Scheme Document et une annonce conjointe sera publiée lors de l'envoi. Dans la mesure où l'envoi intervient au plus tard le 17 décembre 2025, et sous réserve de la satisfaction (ou, le cas échéant, de la renonciation) des Conditions, la proposition devrait actuellement être finalisée au premier trimestre de 2026.

La mise à jour réaffirme l'avertissement standard selon lequel la proposition n’Ira pas de l'avant que si toutes les Conditions sont satisfaites ou renoncées d'ici la Date Limite des Conditions, et conseille de faire preuve de prudence lors des transactions sur les titres HSBC Holdings et Hang Seng Bank.

HSBC Holdings hat ein gemeinsames Update zu dem Vorschlag zur Privatisierung von Hang Seng Bank durch ein Arrangementsschema gemäß Abschnitt 673 der Companies Ordinance eingereicht. Mit der Zustimmung der Executives gemäß Regel 8.2 des Takeovers Code wurde der späteste Versandtermin für das Scheme Document von dem 30. Oktober 2025 auf den 17. Dezember 2025 verlängert.

Im Scheme Document wird ein detaillierter Zeitplan dargelegt und es wird eine gemeinsame Ankündigung beim Versand erfolgen. Davon ausgehend, dass der Versand bis zum 17. Dezember 2025 erfolgt und unter der Voraussetzung, dass die Bedingungen erfüllt sind oder ggf. aufgegeben werden, wird erwartet, dass der Vorschlag im ersten Quartal 2026 abgeschlossen wird.

Die Aktualisierung bekräftigt die standardmäßige Warnung, dass der Vorschlag nur fortgesetzt wird, wenn alle Bedingungen bis zum Conditions Long Stop Date erfüllt oder aufgehoben werden, und rät beim Handel mit Wertpapieren von HSBC Holdings und Hang Seng Bank zur Vorsicht.

HSBC Holdings قدمت تحديثًا مشتركًا بخصوص الاقتراح بخصوص privatization لـ Hang Seng Bank عبر مخطط ترتيب وفقًا للمادة 673 من أمر الشركات. وبموافقة التنفيذ وفق البند 8.2 من قانون الاستحواذات، تم تمديد الموعد النهائي لاستلام وثيقة المخطط من 30 أكتوبر 2025 إلى 17 ديسمبر 2025.

سيتم عرض جدول زمني تفصيلي في وثيقة المخطط وسيُعلن عنه معًا عند الإرسال. إذا تم الإرسال في أو قبل 17 ديسمبر 2025، وبشرط تحقق (أو، عند الاقتضاء، الإعفاء) من الشروط، من المتوقع حاليًا أن يكتمل الاقتراح في الربع الأول من 2026.

تؤكد التحديثات التحذير القياسي بأن الاقتراح سيمضي قدمًا فقط إذا تحققت جميع الشروط أو تم إعفاءها بحلول تاريخ الحد الطويل للشروط، وتوجه بنصح بالحذر عند التعامل في أوراق HSBC Holdings و Hang Seng Bank.

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HSBC Holdings ha presentato un aggiornamento congiunto sulla proposta di privatizzazione di Hang Seng Bank mediante uno schema di accordo ai sensi della sezione 673 dell'Ordinanza sulle società. Con il consenso dell'Esecutivo ai sensi della Regola 8.2 del Takeovers Code, la data più recente per inviare il Scheme Document è stata estesa dal 30 ottobre 2025 al 17 dicembre 2025.

Un calendario dettagliato sarà indicato nel Scheme Document e sarà annunciato congiuntamente al momento della spedizione. Nella misura in cui la spedizione avvenga entro il 17 dicembre 2025 e, soggetta alla soddisfazione (o, se applicabile, al rinvio) delle Condizioni, la proposta è attualmente prevista per essere completata nel primo trimestre del 2026.

L'aggiornamento ribadisce l'avvertenza standard secondo cui la proposta procederà solo se tutte le Condizioni sono soddisfatte o se ne concede il waivers entro la Data Limite delle Condizioni, e consiglia di prestare attenzione nel trattare le azioni di HSBC Holdings e Hang Seng Bank.

HSBC Holdings presentó una actualización conjunta sobre la propuesta de privatizar Hang Seng Bank mediante un plan de acuerdo conforme a la sección 673 de la Ordenanza de Sociedades. Con el consentimiento de la Ejecutiva bajo la Regla 8.2 del Código de Adquisiciones, la fecha límite para remitir el Documento del Plan se ha ampliado desde el 30 de octubre de 2025 hasta el 17 de diciembre de 2025.

Se detallará un calendario en el Documento del Plan y se comunicará conjuntamente al enviarlo. En la medida en que el envío se realice no más tarde del 17 de diciembre de 2025, y sujeto a la satisfacción (o, si corresponde, la renuncia) de las Condiciones, la propuesta se espera que se complete en el primer trimestre de 2026.

La actualización reitera la advertencia estándar de que la propuesta solo avanzará si todas las Condiciones se cumplen o se renuncian antes de la Fecha Límite de Condiciones, y aconseja precaución al tratar con valores de HSBC Holdings y Hang Seng Bank.

HSBC HoldingsHang Seng Bank를 제도합의(scheme of arrangement) 하에 민영화하려는 제안에 대해 회사 규정 제673조에 따른 공동 업데이트를 제출했습니다. Takeovers Code의 Rule 8.2에 따른 실행위원회의 동의로 Scheme Document를 송달하는 최종일이 2025년 10월 30일에서 2025년 12월 17일로 연장되었습니다.

Scheme Document에 상세한 일정이 기재되고 발송 시점에 공동 발표가 있을 예정입니다. 발송이 2025년 12월 17일 이전에 이루어지고, 조건의 충족(또는 해당되는 경우 면제)의 조건이 충족되면 제안은 2026년 1분기 내에 완료될 것으로 현재 예상됩니다.

업데이트는 모든 조건이 조건 종합마감일에 충족되거나 면제될 때만 제안이 진행될 것이라는 일반적인 주의를 재확인하며, HSBC Holdings와 Hang Seng Bank의 증권 거래에 주의하라고 조언합니다.

HSBC Holdings a déposé une mise à jour commune sur la proposition de privatisation de Hang Seng Bank par le biais d'un schéma d'accord en vertu de l'article 673 de l'Ordonnance sur les sociétés. Avec le consentement de l'Executive en vertu de la Règle 8.2 du Code des OPA, la date limite d'envoi du Scheme Document a été prorogée du 30 octobre 2025 au 17 décembre 2025.

Un calendrier détaillé sera indiqué dans le Scheme Document et une annonce conjointe sera publiée lors de l'envoi. Dans la mesure où l'envoi intervient au plus tard le 17 décembre 2025, et sous réserve de la satisfaction (ou, le cas échéant, de la renonciation) des Conditions, la proposition devrait actuellement être finalisée au premier trimestre de 2026.

La mise à jour réaffirme l'avertissement standard selon lequel la proposition n’Ira pas de l'avant que si toutes les Conditions sont satisfaites ou renoncées d'ici la Date Limite des Conditions, et conseille de faire preuve de prudence lors des transactions sur les titres HSBC Holdings et Hang Seng Bank.

HSBC Holdings hat ein gemeinsames Update zu dem Vorschlag zur Privatisierung von Hang Seng Bank durch ein Arrangementsschema gemäß Abschnitt 673 der Companies Ordinance eingereicht. Mit der Zustimmung der Executives gemäß Regel 8.2 des Takeovers Code wurde der späteste Versandtermin für das Scheme Document von dem 30. Oktober 2025 auf den 17. Dezember 2025 verlängert.

Im Scheme Document wird ein detaillierter Zeitplan dargelegt und es wird eine gemeinsame Ankündigung beim Versand erfolgen. Davon ausgehend, dass der Versand bis zum 17. Dezember 2025 erfolgt und unter der Voraussetzung, dass die Bedingungen erfüllt sind oder ggf. aufgegeben werden, wird erwartet, dass der Vorschlag im ersten Quartal 2026 abgeschlossen wird.

Die Aktualisierung bekräftigt die standardmäßige Warnung, dass der Vorschlag nur fortgesetzt wird, wenn alle Bedingungen bis zum Conditions Long Stop Date erfüllt oder aufgehoben werden, und rät beim Handel mit Wertpapieren von HSBC Holdings und Hang Seng Bank zur Vorsicht.

HSBC Holdings قدمت تحديثًا مشتركًا بخصوص الاقتراح بخصوص privatization لـ Hang Seng Bank عبر مخطط ترتيب وفقًا للمادة 673 من أمر الشركات. وبموافقة التنفيذ وفق البند 8.2 من قانون الاستحواذات، تم تمديد الموعد النهائي لاستلام وثيقة المخطط من 30 أكتوبر 2025 إلى 17 ديسمبر 2025.

سيتم عرض جدول زمني تفصيلي في وثيقة المخطط وسيُعلن عنه معًا عند الإرسال. إذا تم الإرسال في أو قبل 17 ديسمبر 2025، وبشرط تحقق (أو، عند الاقتضاء، الإعفاء) من الشروط، من المتوقع حاليًا أن يكتمل الاقتراح في الربع الأول من 2026.

تؤكد التحديثات التحذير القياسي بأن الاقتراح سيمضي قدمًا فقط إذا تحققت جميع الشروط أو تم إعفاءها بحلول تاريخ الحد الطويل للشروط، وتوجه بنصح بالحذر عند التعامل في أوراق HSBC Holdings و Hang Seng Bank.

 
FORM 6-K
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
 
 
Report of Foreign Private Issuer
 
Pursuant to Rule 13a - 16 or 15d - 16 of
 
the Securities Exchange Act of 1934
 
 
 
For the month of October
 
HSBC Holdings plc
 
42nd Floor, 8 Canada Square, London E14 5HQ, England
 
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F).
 
Form 20-F X Form 40-F  
 
 
 
This announcement is for information purposes only and does not constitute, or form part of, any invitation or offer to acquire, purchase or subscribe for any securities of HSBC Holdings, HSBC Asia Pacific or Hang Seng Bank, nor is it an invitation or offer to or a solicitation of any offer to acquire, purchase or subscribe for securities of HSBC Holdings, HSBC Asia Pacific or Hang Seng Bank, or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities of HSBC Holdings, HSBC Asia Pacific or Hang Seng Bank in any jurisdiction in contravention of applicable law. This announcement is not for release, publication or distribution, in whole or in part, in or into or from any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.
 
 
HSBC Holdings plc
 
(Hong Kong Stock Code: 5)
 
 
The Hongkong and Shanghai Banking Corporation Limited
 
Hang Seng Bank Limited
 
(Stock Codes: 11 (HKD Counter) and 80011 (RMB Counter))
                                                                            
JOINT ANNOUNCEMENT
 
(1) PROPOSAL FOR THE PRIVATISATION OF HANG SENG BANK LIMITED
BY THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED
BY WAY OF A SCHEME OF ARRANGEMENT
UNDER SECTION 673 OF THE COMPANIES ORDINANCE
 
AND
 
(2) PROPOSED WITHDRAWAL OF LISTING OF HANG SENG BANK SHARES
 
 
UPDATE ON TIMELINE FOR DESPATCH OF SCHEME DOCUMENT
 
 
Joint Financial Advisers to HSBC 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, if applicable, waiver) of the Conditions, the Proposal is currently expected to be completed within the first quarter of 2026. Further announcement(s) will be made on the status and progress of the Proposal if and when appropriate in accordance with the Takeovers Code, the Hong Kong Listing Rules and applicable laws and regulations.
 
WARNING: Shareholders and/or potential investors of HSBC Holdings and Hang Seng Bank should be aware that the Proposal will only be implemented if all the Conditions are satisfied or (if applicable) waived on or before the Conditions Long Stop Date. Shareholders and/or potential investors of HSBC Holdings and Hang Seng Bank should therefore exercise caution when dealing in the securities of HSBC Holdings and Hang Seng Bank respectively. Persons who are in doubt as to the action they should take should consult their licensed securities dealer, registered institution in securities, bank manager, solicitor and/or other professional adviser.
 
 
 
 
For and on behalf of
HSBC Holdings plc
 
 
Brendan Nelson
Group Chairman
For and on behalf of
Hang Seng Bank Limited
 
 
Edward Cheng Wai Sun
Chairman
 
For and on behalf of
The Hongkong and Shanghai Banking Corporation Limited
 
 
Dr. Peter Wong Tung Shun
Non-executive Chairman
 
 
 
The Board of Directors of HSBC Holdings plc as at the date of this announcement comprises: Brendan Robert Nelson*, Georges Bahjat Elhedery, Geraldine Joyce Buckingham, Rachel Duan, Dame Carolyn Julie Fairbairn, James Anthony Forese, Ann Frances Godbehere, Steven Craig Guggenheimer, Manveen (Pam) Kaur, Dr José Antonio Meade Kuribreña, Kalpana Jaisingh Morparia, Eileen K Murray, and Swee Lian Teo.
 
* Independent non-executive Chair
 Independent non-executive Director
 
The board of directors of HSBC Asia Pacific as at the date of this announcement comprises: Dr. Peter Wong Tung Shun#, David Gordon Eldon*, David Liao Yi Chien, Surendranath Ravi Rosha, Paul Jeremy Brough*, Judy Chau Lai Kun*, Edward Cheng Wai Sun*, Sonia Cheng Chi Man*, Choi Yiu Kwan*, Andrea Lisa Della Mattea*, Manveen (Pam) Kaur#, Rajnish Kumar*, Beau Kuok Khoon Chen*, Fred Lam Tin Fuk* and Annabelle Long Yu*.
 
# Non-executive Directors
* Independent Non-executive Directors
 
The Hang Seng Bank Board as at the date of this announcement comprises: Edward Cheng Wai Sun* (Chairman), Luanne Lim Hui Hung (Chief Executive), Cordelia Chung*, Kathleen Gan Chieh Huey#, Clement Kwok King Man*, Patricia Lam Sze Wan*, David Liao Yi Chien#, Lin Huey Ru*, Saw Say Pin (Chief Financial Officer), Wang Xiao Bin* and Catherine Zhou Rong#.
 
# Non-executive Directors
* Independent Non-executive Directors
 
Hong Kong, 30 October 2025
 

 
 
HSBC Holdings plc
Registered Office and Group Head Office:
8 Canada Square, London E14 5HQ, United Kingdom
Web: www.hsbc.com
Incorporated in England and Wales with limited liability. Registration number 617987
Hang Seng Bank Limited
恒生銀行有限公司
Registered Office and Head Office: 83 Des Voeux Road Central, Hong Kong
Incorporated in Hong Kong with limited liability
 
The Hongkong and Shanghai Banking Corporation Limited
香港上海滙豐銀行有限公司
Registered Office and Group Head Office:
1 Queen's Road Central, Hong Kong
Incorporated in Hong Kong with limited liability
 
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
HSBC Holdings plc
 
 
 
By:
 
Name: Aileen Taylor
 
Title: Group Company Secretary and Chief Governance Officer
 
 
 
Date: 30 October 2025

FAQ

What did HSBC (HSBC) announce regarding the Hang Seng Bank proposal?

An update that, with consent under Rule 8.2, the latest despatch date for the Scheme Document is extended to 17 December 2025.

What is the expected completion timing for the Hang Seng Bank privatisation?

If the Scheme Document is despatched on or before 17 December 2025 and Conditions are met or waived, completion is expected in the first quarter of 2026.

Which rule governs the despatch timing of the Scheme Document?

Rule 8.2 of the Hong Kong Takeovers Code, which normally requires despatch within 21 days of the Rule 3.5 announcement.

Why was an extension needed for despatch of the Scheme Document?

Due to time required for preparing information, including the IFA letter and IBC recommendation, and High Court procedures for the Scheme.

Who are the parties to the joint announcement?

HSBC Holdings plc, The Hongkong and Shanghai Banking Corporation Limited (HSBC Asia Pacific), and Hang Seng Bank Limited.

What caution was provided to shareholders and potential investors?

The proposal will only be implemented if all Conditions are satisfied or waived by the Conditions Long Stop Date; caution is advised when dealing in the securities.
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