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HSBC Holdings ( (GB:HSBA) ) just unveiled an announcement.
HSBC Holdings plc announced the repurchase and cancellation of a substantial number of its ordinary shares as part of a buy-back program initiated in May 2025. This transaction involved the purchase of over 4 million shares across UK and Hong Kong stock exchanges, with the total buy-back since May amounting to approximately US$2,680.3 million. The move is aimed at reducing the number of shares in circulation, which can potentially enhance shareholder value and improve earnings per share. The cancellation of shares on the Hong Kong Stock Exchange is pending, and further announcements will follow.
More about HSBC Holdings
HSBC Holdings plc is a multinational banking and financial services company headquartered in London, United Kingdom. It operates in the financial industry, offering a wide range of services including retail banking, commercial banking, investment banking, and wealth management. HSBC has a significant presence in both the UK and Hong Kong markets, among others.
See more insights into HSBA stock on TipRanks’ Stock Analysis page.