Linklaters advises on the proposed privatisation of Hang Seng Bank

Linklaters is advising the joint financial advisers to the offeror on the proposed privatisation of Hang Seng Bank, one of Hong Kong SAR’s largest domestic banks, by way of a scheme of arrangement under section 673 of the Companies Ordinance. The transaction, which involves the proposed withdrawal of listing of Hang Seng Bank shares from the Hong Kong Stock Exchange, has a deal value of approximately HK$106bn (approximately US$13.6bn).

The Linklaters team was led by corporate partner Roger Cheng and solicitor Inez Wong, with support from associate Zoe Cheung. 

Corporate partner Roger Cheng commented: 

“We are delighted to have supported our clients on this landmark transaction. Effectively leveraging our team’s knowledge and experience in public M&A and complex privatisations has been pivotal to supporting our clients in delivering this significant transaction.”