HSBC Holdings ( (GB:HSBA) ) has issued an announcement.
HSBC Holdings plc announced the repurchase and cancellation of a significant number of its ordinary shares as part of a buy-back program initiated earlier in the year. This transaction, involving purchases on both the London and Hong Kong stock exchanges, reflects the company’s strategy to manage its capital structure and enhance shareholder value. The buy-back program has led to the repurchase of over 156 million shares, with implications for the company’s issued share capital and voting rights.
More about HSBC Holdings
HSBC Holdings plc is a global banking and financial services organization headquartered in London, United Kingdom. The company offers a wide range of services including retail banking, commercial banking, investment banking, and wealth management. It operates in various markets around the world, focusing on providing financial solutions to individuals, businesses, and institutions.
YTD Price Performance: -6.05%
Average Trading Volume: 28,763,949
Technical Sentiment Signal: Sell
Current Market Cap: £134.6B
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