The latest announcement is out from HSBC Holdings ( (GB:HSBA) ).
HSBC Holdings plc announced a share buy-back program, repurchasing over 3.7 million ordinary shares for approximately US$42.3 million. This move is part of its strategic initiative to manage capital distribution and enhance shareholder value. The buy-back was executed across both UK and Hong Kong venues, with shares purchased on the London Stock Exchange and the Hong Kong Stock Exchange. The cancellation of these shares will adjust the company’s issued ordinary share capital and will impact voting rights calculations for shareholders.
More about HSBC Holdings
HSBC Holdings plc is a leading global financial services company headquartered in London, United Kingdom. It operates across multiple markets and offers a wide range of services including retail banking, commercial banking, investment banking, and wealth management. HSBC is listed on various stock exchanges, including the Hong Kong Stock Exchange, and is known for its significant presence in both Western and Asian markets.
YTD Price Performance: 12.80%
Average Trading Volume: 23,330,429
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £157.9B
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