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  • HSBC’s proposal to privatise Hang Seng Bank approved by Hang Seng Bank shareholders | Media releases

    The Proposal Received Approximately 86% Support from Disinterested Shareholders at The Court-Convened Shareholders’ Meeting of Hang Seng Bank And Will Now Proceed Towards Sanction by the Hong Kong High Court

    HSBC Holdings plc (“HSBC Group” or “HSBC”), together with The Hongkong and Shanghai Banking Corporation Limited (“HSBC Asia Pacific”), announced that its proposal to privatise Hang Seng Bank Limited (“Hang Seng Bank”) by way of a scheme of arrangement (the “Scheme”) has been approved by relevant shareholders at the court meeting and the general meeting of Hang Seng Bank held earlier today.

    The Scheme received strong shareholder support, with approximately 86% of the disinterested votes under the Hong Kong Code on Takeovers and Mergers (Hong Kong Takeovers Code) cast in favour of the Scheme at the court meeting of Hang Seng Bank. All requisite approval thresholds required under the Hong Kong Companies Ordinance and the Hong Kong Takeovers Code have been passed.

    With these conditions satisfied, a High Court hearing of the petition to sanction the Scheme will be held on 23 January 2026, with the High Court expected to make their decision on the same day. This is the next step in the transaction and is an important step before the Scheme can become effective.

    Subject to the High Court’s sanction and the fulfilment (or, if applicable, waiver) of all other conditions set out in the Scheme Document, the Scheme is expected to become effective on 26 January 2026, with the withdrawal of the listing of Hang Seng Bank shares from the Hong Kong Stock Exchange expected to take effect on 27 January 2026.

    Upon completion of the proposal:

    • Hang Seng Bank will become a wholly-owned subsidiary of HSBC Asia Pacific and therefore a wholly-owned subsidiary of the HSBC Group.
    • The listing of Hang Seng Bank shares on the Hong Kong Stock Exchange will be withdrawn in accordance with the Hong Kong Listing Rules.

    Commenting on the shareholders’ vote, Georges Elhedery, HSBC Group CEO, said:

    “We are pleased with the approval of the proposal and grateful to Hang Seng Bank shareholders for their continued support. The approval reflects strong confidence in Hang Seng Bank’s franchise and in the opportunities that full ownership within the HSBC Group can unlock. We look forward to progressing this proposal and fulfilling the remaining conditions, and will provide further updates in due course.”

    For additional information, please refer to the official announcement published on the Hong Kong Stock Exchange https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0108/2026010800798.pdf, or on the dedicated microsite which has been created for the purposes of this Proposal, which can be accessed here.

    Media enquiries:

    Aman Ullah
    +852 3941 1120
    aman.ullah@hsbc.com.hk

    Neil Fleming
    +44 (0)7384792051
    neil1.fleming@hsbc.com

    Note to editors:

    HSBC Holdings plc
    HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 57 countries and territories. With assets of US$3,234bn at 30 September 2025, HSBC is one of the world’s largest banking and financial services organisations.

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  • ‘Chicago’ musical set to ‘razzle dazzle ’em’ at The Hanover Theatre

    ‘Chicago’ musical set to ‘razzle dazzle ’em’ at The Hanover Theatre

    As the satirical, sexy and sizzling musical “Chicago” opens, Velma Kelly welcomes the audience with the iconic seductive number “All That Jazz.”

    It’s the jazz age, and Velma’s a vaudevillian. But she’s also a murderess and a newspaper headline…

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  • Milo Manheim updates his TikTok picture to viral Flynn Rider meme amid casting backlash

    Milo Manheim updates his TikTok picture to viral Flynn Rider meme amid casting backlash

    Milo Manheim changed his TikTok profile picture to Flynn Rider meme as online backlash grows over his political views

    Actor Milo Manheim has updated his…

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  • City Revealed for New PSL Team After Rs. 175 Crore Winning Bid

    City Revealed for New PSL Team After Rs. 175 Crore Winning Bid

    FKS has emerged as the successful bidder for the Pakistan Super League’s seventh franchise after making the highest offer in the ongoing auction.

    FKS officials have confirmed that the new team will be from Hyderabad.

    The group secured…

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  • In pictures: Protests in US after Renee Nicole Good shot dead by ICE agent

    In pictures: Protests in US after Renee Nicole Good shot dead by ICE agent

    Protests have taken place in multiple US cities after a woman was shot dead by a federal immigration officer in Minneapolis.

    Federal officials said Renee Nicole Good, 37, had tried to run over immigration agents with her car and that the officer…

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  • Medical issue could force early end of Crew-11 ISS mission

    Medical issue could force early end of Crew-11 ISS mission

    PHOENIX — An unspecified “medical concern” involving one of the astronauts aboard the International Space Station has postponed a spacewalk and could force an unprecedented early return of part of the crew.

    NASA announced Jan. 7…

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  • Bangladesh Air Chief vows to deepen defence ties with Pakistan – RADIO PAKISTAN

    1. Bangladesh Air Chief vows to deepen defence ties with Pakistan  RADIO PAKISTAN
    2. Bangladesh air chief discusses enhancing defence cooperation in meetings with CDF Munir, naval chief  Dawn
    3. Pakistan eyes defence pact with Bangladesh, sale of JF-17…

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  • Quantitative Magnetic Resonance Imaging Biomarkers in the Evaluation of Disease Activity in Thyroid Eye Disease: A Retrospective Study

    Quantitative Magnetic Resonance Imaging Biomarkers in the Evaluation of Disease Activity in Thyroid Eye Disease: A Retrospective Study

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  • Lageyre Signs Professional Contract with Angel City in NWSL

    Lageyre Signs Professional Contract with Angel City in NWSL

    LOS ANGELES, Calif. – Duke women’s soccer graduate Carina Lageyre signed her first professional contract this week with Angel City Football Club (ACFC) of the National Women’s Soccer League (NWSL).
     
    Lageyre, who hails from Cooper City,…

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  • Professor Sir Aziz Sheikh: Towards next-generation pharmacovigilance capabilities for the UK

    Professor Sir Aziz Sheikh: Towards next-generation pharmacovigilance capabilities for the UK

    Foreword

    For decades, the UK has been recognised for its leadership in pharmacovigilance, underpinned by the MHRA’s Yellow Card scheme, which continues to play a vital role in detecting important safety signals early.

    As medicines and medical technologies become more complex, used by increasingly diverse populations, and reach patients at greater speed, there are exciting opportunities to further strengthen our safety monitoring systems.

    As outlined by Professor Aziz Sheikh in the latest of our strategy blog series, the COVID-19 pandemic demonstrated the potential of a modern, agile safety system. We rapidly digitised the Yellow Card reporting platform, introduced AI to manage large volumes of reports, and combined enhanced passive surveillance with active monitoring of vaccine safety using national usage data and anonymised electronic health records.

    With the launch of the Health Data Research Service on the horizon, we now have the opportunity to build on these achievements and apply the same approach across all medicines and medical products – enhancing the UK’s already world-leading, real-time surveillance capabilities and further safeguarding patient health.

    Professor Sir Aziz Sheikh is Pro-Vice-Chancellor and Head of the Nuffield Department of Primary Care Health Sciences at the University of Oxford. A leading global authority on primary care, public health and the use of real-world data, he has played a central role in advancing the UK’s capabilities in drug safety, digital health and evidence-based policy.

    Guest Blog: Professor Sir Aziz Sheikh

    Our current approach to pharmacovigilance has proven invaluable, but it remains largely passive and could be greatly enhanced.  Whilst we’ve moved on from relying on clinicians to tear out a Yellow Card from the back of the British National Formulary (BNF) to sophisticated reporting platforms, the voluntary nature of reporting of cases falls far short of what we should expect, meaning that detecting and assessing safety signals takes longer than we want.– We need a more proactive and systematic effort to identify medication (and related products) associated harm to inform approaches to reducing such risks at the earliest possible opportunity. With our digitised health infrastructure now covering virtually the entire UK population, we have a major opportunity to emerge as a world-leader in next-generation pharmacovigilance capabilities.

    The process of digitising the NHS has been long and arduous, but is – thankfully – now nearing completion.  This means that the real-world data emerging out of the back-end of these digitised health record systems can now be linked across the entire care continuum using the unique NHS number (or equivalent in the UK’s devolved administrations) providing an unprecedented foundation from which to build next generation pharmacovigilance systems.  Such systems would allow, for example, the routine running of analyses to estimate the incidence of known adverse events identified during drug development or licensing processes, identification of sub-populations who may be at particularly high risk of drug adverse events, and running formal epidemiological analyses to investigate potential adverse events reported through the Yellow Card scheme or other routes.  An example of such an analysis involved assessing the risk of varenicline, a potent smoking cessation aid, after small-scale analyses suggested that this may increase the risk of cardiovascular and neuropsychiatric risks resulting in a black box warning being issued by the US Food and Drug Administration (FDA) .  Our national retrospective cohort study undertaken in the large, representative QRisk database however failed to confirm these heightened risks when compared with other pharmacological smoking cessation thereby supporting the continued use of varenicline.    

    The FDA Sentinel System is now one the largest electronic health record-based database in the world undertaking federated drug safety analyses on up to 170 million patients from around 70 health systems across the US.  Whilst we would not be able to compete with the FDA Sentinel System in terms of numbers, with our UK population of 68 million people we would nonetheless be very well placed to run analyses on a scale that could detect most rare safety signals.  Unlike the US, we also have the distinct advantage of being able to run such safety analyses on the total population thus reducing the risk of bias and maximising generalisability.

    Once data pipelines have been built, and data curation and analyses processes have been standardised, there is the potential to automate the most common analyses such that the system of searching for drug related adverse events is in effect “always on” working away in the background.  

    Whilst such aspirations might seem something of a pipe-dream at the moment, there has in recent years been considerable progress on a number of the essential elements, including: systematic use of the NHS number, developments in cloud-based dataset hosting, progress in deterministic and probabilistic data linkage approaches, and proof-of principle established during the COVID-19 pandemic that the UK can deliver high quality vaccine and drug safety work – at pace – including on the entire UK population.

    The imminent launch of the Health Data Research Service  (HDRS), with substantial political and financial support from the UK Government, offers an unprecedented opportunity to build on the UK’s outstanding strengths in pharmacovigilance to create near real-time whole population capability to support the safe and effective use of drugs to advance human health.

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