Hang Seng expects to delist on the 27th of this month
HSBC Holdings (00005.HK) and Hang Seng Bank (00011.HK) jointly announced that HSBC's privatization plan for Hang Seng Bank was approved by the High Court during the court hearing held on January 23 (today). The capital reduction was also confirmed by the High Court during the same hearing. The plan is expected to become binding and effective on January 26. An announcement will be made separately once the plan becomes binding and effective.
The Stock Exchange has approved the withdrawal of Hang Seng Bank's listing status, effective from 4:00 PM on January 27, but this will only be finalized once the plan becomes binding and effective
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