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An announcement from HSBC Holdings ( (GB:HSBA) ) is now available.
HSBC Holdings plc announced the repurchase and cancellation of 3.2 million ordinary shares on UK venues and 1.947 million shares on the Hong Kong Stock Exchange as part of its ongoing share buy-back program initiated in May 2025. This move, totaling approximately US$2.925 billion in repurchases, aims to optimize the company’s capital structure and enhance shareholder value. The reduction in share capital will impact the company’s voting rights and shareholding structure, with further announcements expected once the Hong Kong repurchases are fully processed.
More about HSBC Holdings
HSBC Holdings plc is a leading global banking and financial services organization, headquartered in London, United Kingdom. The company operates in various markets worldwide, offering a wide range of financial products and services, including personal, commercial, and investment banking, as well as wealth management and insurance. HSBC is known for its strong presence in both developed and emerging markets, focusing on facilitating international trade and capital flows.
For detailed information about HSBA stock, go to TipRanks’ Stock Analysis page.