2 Feb 2026
RE HANG SENG BANK LTD
- Citation
- [2026] HKCFI 757
- Court
- Court of First Instance
- Case number
- HCMP2348/2025
The court sanctioned the Scheme and confirmed the Capital Reduction because the Scheme was for a permissible privatisation purpose, the Scheme Shareholders had sufficiently similar rights, the Court Meeting was properly convened and informed, the voting arrangements (including treating Non-Discretionary Client Shares as disinterested where beneficial owners controlled voting backed by undertakings) complied with the Companies Ordinance and the Takeovers Code, the requisite majorities and negative 10% test were satisfied, and the Capital Reduction met the statutory criteria under s.229 CO.