Slaughter and May advises HSBC Asia Pacific on $13.6 billion acquisition of Hang Seng Bank Limited

HSBC Asia Pacific, formally The Hongkong and Shanghai Banking Corporation Limited, moved to take Hang Seng Bank fully private; on completion, Hang Seng became its wholly-owned subsidiary.
The transaction was a privatisation by scheme of arrangement under Section 673 of the Hong Kong Companies Ordinance, valuing Hang Seng Bank at about HKD 290 billion (about USD 37.2 billion) with aggregate consideration of HKD 106 billion (about USD 13.6 billion).
The proposal was announced on 9 October 2025, approved by Hang Seng shareholders on 8 January 2026, became effective on 26 January 2026 and led to delisting on 27 January 2026; it was reported as the largest buyout of a Hong Kong financial services company.

HSBC Asia Pacific, formally The Hongkong and Shanghai Banking Corporation Limited, moved to take Hang Seng Bank fully private; on completion, Hang Seng became its wholly-owned subsidiary.
The transaction was a privatisation by scheme of arrangement under Section 673 of the Hong Kong Companies Ordinance, valuing Hang Seng Bank at about HKD 290 billion (about USD 37.2 billion) with aggregate consideration of HKD 106 billion (about USD 13.6 billion).
The proposal was announced on 9 October 2025, approved by Hang Seng shareholders on 8 January 2026, became effective on 26 January 2026 and led to delisting on 27 January 2026; it was reported as the largest buyout of a Hong Kong financial services company.

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